iShares Yield Optimized Bond ETF (BYLD) — Stock Correlations & Overview
Over the past year, BYLD has moved most closely with RTRE, LQDW, CPAG. Explore the stocks most correlated and inversely correlated with BYLD below, along with its price, financials, and company profile.
Stocks correlated with BYLD
Correlation of daily returns. Higher positive values move with BYLD; negative values move opposite it. Informational only, not investment advice.
Most correlated with BYLD
| Symbol | Company | Correlation |
|---|---|---|
| RTRE | Rareview Total Return Bond ETF | 0.83 |
| LQDW | iShares Investment Grade Corporate Bond BuyWrite Strategy ETF | 0.80 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.80 |
| BSCZ | Invesco BulletShares 2035 Corporate Bond ETF | 0.79 |
| AOK | iShares Core 30/70 Conservative Allocation ETF | 0.79 |
Most inversely correlated with BYLD
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.71 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.70 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.69 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.68 |
| TBX | ProShares Short 7-10 Year Treasury | -0.68 |
Frequently asked questions about BYLD correlations
- Which stocks are most correlated with BYLD?
- Based on one year of daily returns, the stocks most correlated with iShares Yield Optimized Bond ETF (BYLD) are RTRE (0.83), LQDW (0.80) and CPAG (0.80). 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 BYLD?
- Over the past year, the stocks most inversely correlated with iShares Yield Optimized Bond ETF (BYLD) are TYO (-0.71), PST (-0.70) and TMV (-0.69). 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 BYLD correlations calculated?
- We compute the correlation of daily returns between BYLD 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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