Capital Group Ultra Short Income ETF (CGUI) — Stock Correlations & Overview
Over the past year, CGUI has moved most closely with CGSD, CGMS, CGSM. Explore the stocks most correlated and inversely correlated with CGUI below, along with its price, financials, and company profile.
Stocks correlated with CGUI
Correlation of daily returns. Higher positive values move with CGUI; negative values move opposite it. Informational only, not investment advice.
Most correlated with CGUI
| Symbol | Company | Correlation |
|---|---|---|
| CGSD | Capital Group Short Duration Income ETF | 0.69 |
| CGMS | Capital Group U.S. Multi-Sector Income ETF | 0.59 |
| CGSM | Capital Group Short Duration Municipal Income ETF | 0.55 |
| CGCP | Capital Group Core Plus Income ETF | 0.51 |
| FTSM | First Trust Enhanced Short Maturity ETF | 0.51 |
Most inversely correlated with CGUI
| Symbol | Company | Correlation |
|---|---|---|
| MUSA | MURPHY USA INC.RETAIL-AUTO DEALERS & GASOLINE STATIONS | -0.24 |
| MEOH | Methanex Corp | -0.24 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.23 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.22 |
| TWM | ProShares UltraShort Russell2000 | -0.22 |
Frequently asked questions about CGUI correlations
- Which stocks are most correlated with CGUI?
- Based on one year of daily returns, the stocks most correlated with Capital Group Ultra Short Income ETF (CGUI) are CGSD (0.69), CGMS (0.59) and CGSM (0.55). 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 CGUI?
- Over the past year, the stocks most inversely correlated with Capital Group Ultra Short Income ETF (CGUI) are MUSA (-0.24), MEOH (-0.24) and TZA (-0.23). 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 CGUI correlations calculated?
- We compute the correlation of daily returns between CGUI 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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