Which stocks are most correlated with DHY?

Based on one year of daily returns, the stocks most correlated with Credit Suisse High Yield Credit Fund (DHY) are CIK (0.55), EAD (0.48) and ISD (0.46). 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 DHY?

Over the past year, the stocks most inversely correlated with Credit Suisse High Yield Credit Fund (DHY) are SJB (-0.36), EDZ (-0.34) and EEV (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Credit Suisse High Yield Credit Fund (DHY) — Stock Correlations & Overview

Over the past year, DHY has moved most closely with CIK, EAD, ISD. Explore the stocks most correlated and inversely correlated with DHY below, along with its price, financials, and company profile.

Stocks correlated with DHY

Correlation of daily returns. Higher positive values move with DHY; negative values move opposite it. Informational only, not investment advice.

Most correlated with DHY

Symbol	Company	Correlation
CIK	Credit Suisse Asset Management Income Fund Inc.	0.55
EAD	Allspring Income Opportunities Fund	0.48
ISD	PGIM High Yield Bond Fund, Inc.	0.46
SDHY	PGIM Short Duration High Yield Opportunities Fund	0.43
AWF	ALLIANCEBERSTEIN GLOBAL HIGH INCOME FUND, INC.	0.43

Most inversely correlated with DHY

Symbol	Company	Correlation
SJB	ProShares Short High Yield	-0.36
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.34
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.34
EUM	ProShares Trust Short MSCI Emerging Markets	-0.33
EFZ	ProShares Trust Short MSCI EAFE	-0.33

Frequently asked questions about DHY correlations

Which stocks are most correlated with DHY?: Based on one year of daily returns, the stocks most correlated with Credit Suisse High Yield Credit Fund (DHY) are CIK (0.55), EAD (0.48) and ISD (0.46). 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 DHY?: Over the past year, the stocks most inversely correlated with Credit Suisse High Yield Credit Fund (DHY) are SJB (-0.36), EDZ (-0.34) and EEV (-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 DHY correlations calculated?: We compute the correlation of daily returns between DHY 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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