iShares CMBS ETF (CMBS) — Stock Correlations & Overview
Over the past year, CMBS has moved most closely with ISTB, IGSB, SLQD. Explore the stocks most correlated and inversely correlated with CMBS below, along with its price, financials, and company profile.
Stocks correlated with CMBS
Correlation of daily returns. Higher positive values move with CMBS; negative values move opposite it. Informational only, not investment advice.
Most correlated with CMBS
| Symbol | Company | Correlation |
|---|---|---|
| ISTB | iShares Core 1-5 Year USD Bond ETF of iShares Trust | 0.54 |
| IGSB | iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.54 |
| SLQD | iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.54 |
| NEAR | iShares Short Duration Bond Active ETF | 0.54 |
| IBTK | iShares iBonds Dec 2030 Term Treasury ETF | 0.54 |
Most inversely correlated with CMBS
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.45 |
| TBX | ProShares Short 7-10 Year Treasury | -0.44 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.43 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.38 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.38 |
Frequently asked questions about CMBS correlations
- Which stocks are most correlated with CMBS?
- Based on one year of daily returns, the stocks most correlated with iShares CMBS ETF (CMBS) are ISTB (0.54), IGSB (0.54) and SLQD (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 CMBS?
- Over the past year, the stocks most inversely correlated with iShares CMBS ETF (CMBS) are PST (-0.45), TBX (-0.44) and TYO (-0.43). 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 CMBS correlations calculated?
- We compute the correlation of daily returns between CMBS 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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