Which stocks are most correlated with BRHY?

Based on one year of daily returns, the stocks most correlated with BlackRock ETF Trust II iShares High Yield Active ETF (BRHY) are SHYG (0.89), HYGV (0.89) and USHY (0.88). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with BRHY?

Over the past year, the stocks most inversely correlated with BlackRock ETF Trust II iShares High Yield Active ETF (BRHY) are SJB (-0.61), EFZ (-0.61) and SPDN (-0.59). A negative correlation means the two stocks have tended to move in opposite directions.

BlackRock ETF Trust II iShares High Yield Active ETF (BRHY) — Stock Correlations & Overview

Over the past year, BRHY has moved most closely with SHYG, HYGV, USHY. Explore the stocks most correlated and inversely correlated with BRHY below, along with its price, financials, and company profile.

Stocks correlated with BRHY

Correlation of daily returns. Higher positive values move with BRHY; negative values move opposite it. Informational only, not investment advice.

Most correlated with BRHY

Symbol	Company	Correlation
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	0.89
HYGV	Northern Trust High Yield Value-Scored Bond ETF	0.89
USHY	iShares Broad USD High Yield Corporate Bond ETF	0.88
JNK	State Street SPDR Bloomberg High Yield Bond ETF	0.88
BBHY	JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	0.88

Most inversely correlated with BRHY

Symbol	Company	Correlation
SJB	ProShares Short High Yield	-0.61
EFZ	ProShares Trust Short MSCI EAFE	-0.61
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.59
EPV	ProShares UltraShort FTSE Europe	-0.59
SDOW	ProShares UltraPro Short Dow 30	-0.58

Frequently asked questions about BRHY correlations

Which stocks are most correlated with BRHY?: Based on one year of daily returns, the stocks most correlated with BlackRock ETF Trust II iShares High Yield Active ETF (BRHY) are SHYG (0.89), HYGV (0.89) and USHY (0.88). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with BRHY?: Over the past year, the stocks most inversely correlated with BlackRock ETF Trust II iShares High Yield Active ETF (BRHY) are SJB (-0.61), EFZ (-0.61) and SPDN (-0.59). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these BRHY correlations calculated?: We compute the correlation of daily returns between BRHY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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