Eldridge BBB-B CLO ETF (CLOZ) — Stock Correlations & Overview
Over the past year, CLOZ has moved most closely with LQDH, IVVW, HYGH. Explore the stocks most correlated and inversely correlated with CLOZ below, along with its price, financials, and company profile.
Stocks correlated with CLOZ
Correlation of daily returns. Higher positive values move with CLOZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with CLOZ
| Symbol | Company | Correlation |
|---|---|---|
| LQDH | iShares Interest Rate Hedged Corporate Bond ETF | 0.55 |
| IVVW | iShares S&P 500 BuyWrite ETF | 0.55 |
| HYGH | iShares Interest Rate Hedged High Yield Bond ETF | 0.54 |
| IWMW | iShares Russell 2000 BuyWrite ETF | 0.51 |
| HYGW | iShares High Yield Corporate Bond BuyWrite Strategy ETF | 0.50 |
Most inversely correlated with CLOZ
| Symbol | Company | Correlation |
|---|---|---|
| TAIL | Cambria Tail Risk ETF | -0.43 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.39 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.39 |
| SDS | ProShares UltraShort S&P500 | -0.39 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.39 |
Frequently asked questions about CLOZ correlations
- Which stocks are most correlated with CLOZ?
- Based on one year of daily returns, the stocks most correlated with Eldridge BBB-B CLO ETF (CLOZ) are LQDH (0.55), IVVW (0.55) and HYGH (0.54). 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 CLOZ?
- Over the past year, the stocks most inversely correlated with Eldridge BBB-B CLO ETF (CLOZ) are TAIL (-0.43), VXX (-0.39) and UVIX (-0.39). 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 CLOZ correlations calculated?
- We compute the correlation of daily returns between CLOZ 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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