Angel Oak Income ETF (CARY) — Stock Correlations & Overview
Over the past year, CARY has moved most closely with EVSD, UYLD, MFSB. Explore the stocks most correlated and inversely correlated with CARY below, along with its price, financials, and company profile.
Stocks correlated with CARY
Correlation of daily returns. Higher positive values move with CARY; negative values move opposite it. Informational only, not investment advice.
Most correlated with CARY
| Symbol | Company | Correlation |
|---|---|---|
| EVSD | Eaton Vance Short Duration Income ETF | 0.77 |
| UYLD | Angel Oak UltraShort Income ETF | 0.76 |
| MFSB | MFS Active Core Plus Bond ETF | 0.76 |
| TRBF | Angel Oak Total Return ETF | 0.76 |
| FTRB | Federated Hermes Total Return Bond ETF | 0.76 |
Most inversely correlated with CARY
| Symbol | Company | Correlation |
|---|---|---|
| TBF | ProShares Short 20+ Year Treasury ETF | -0.60 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.60 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.60 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.60 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.59 |
Frequently asked questions about CARY correlations
- Which stocks are most correlated with CARY?
- Based on one year of daily returns, the stocks most correlated with Angel Oak Income ETF (CARY) are EVSD (0.77), UYLD (0.76) and MFSB (0.76). 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 CARY?
- Over the past year, the stocks most inversely correlated with Angel Oak Income ETF (CARY) are TBF (-0.60), TYO (-0.60) and TTT (-0.60). 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 CARY correlations calculated?
- We compute the correlation of daily returns between CARY 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.