Invesco BulletShares 2030 Corporate Bond ETF (BSCU) — Stock Correlations & Overview
Over the past year, BSCU has moved most closely with BSCV, BSCW, BSCT. Explore the stocks most correlated and inversely correlated with BSCU below, along with its price, financials, and company profile.
Stocks correlated with BSCU
Correlation of daily returns. Higher positive values move with BSCU; negative values move opposite it. Informational only, not investment advice.
Most correlated with BSCU
| Symbol | Company | Correlation |
|---|---|---|
| BSCV | Invesco BulletShares 2031 Corporate Bond ETF | 0.97 |
| BSCW | Invesco BulletShares 2032 Corporate Bond ETF | 0.96 |
| BSCT | Invesco BulletShares 2029 Corporate Bond ETF | 0.96 |
| IIGD | Invesco Investment Grade Defensive ETF | 0.95 |
| BSCX | Invesco BulletShares 2033 Corporate Bond ETF | 0.94 |
Most inversely correlated with BSCU
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.78 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.77 |
| TBX | ProShares Short 7-10 Year Treasury | -0.74 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.64 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.64 |
Frequently asked questions about BSCU correlations
- Which stocks are most correlated with BSCU?
- Based on one year of daily returns, the stocks most correlated with Invesco BulletShares 2030 Corporate Bond ETF (BSCU) are BSCV (0.97), BSCW (0.96) and BSCT (0.96). 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 BSCU?
- Over the past year, the stocks most inversely correlated with Invesco BulletShares 2030 Corporate Bond ETF (BSCU) are PST (-0.78), TYO (-0.77) and TBX (-0.74). 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 BSCU correlations calculated?
- We compute the correlation of daily returns between BSCU 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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