BlackRock ETF Trust II iShares Short-Term California Muni Active ETF (CALI) — Stock Correlations & Overview
Over the past year, CALI has moved most closely with ICSH, IBTH, VSDM. Explore the stocks most correlated and inversely correlated with CALI below, along with its price, financials, and company profile.
Stocks correlated with CALI
Correlation of daily returns. Higher positive values move with CALI; negative values move opposite it. Informational only, not investment advice.
Most correlated with CALI
| Symbol | Company | Correlation |
|---|---|---|
| ICSH | iShares Ultra Short Duration Bond Active ETF | 0.77 |
| IBTH | iShares iBonds Dec 2027 Term Treasury ETF | 0.76 |
| VSDM | Vanguard Short Duration Tax-Exempt Bond ETF | 0.75 |
| SMMU | PIMCO Short Term Municipal Bond Active Exchange-Traded Fund | 0.74 |
| VUSB | Vanguard Ultra-Short Bond ETF | 0.74 |
Most inversely correlated with CALI
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.38 |
| TBX | ProShares Short 7-10 Year Treasury | -0.36 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.34 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.30 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.29 |
Frequently asked questions about CALI correlations
- Which stocks are most correlated with CALI?
- Based on one year of daily returns, the stocks most correlated with BlackRock ETF Trust II iShares Short-Term California Muni Active ETF (CALI) are ICSH (0.77), IBTH (0.76) and VSDM (0.75). 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 CALI?
- Over the past year, the stocks most inversely correlated with BlackRock ETF Trust II iShares Short-Term California Muni Active ETF (CALI) are PST (-0.38), TBX (-0.36) and TYO (-0.34). 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 CALI correlations calculated?
- We compute the correlation of daily returns between CALI 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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