PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) — Stock Correlations & Overview
Over the past year, EMNT has moved most closely with GBIL, JPST, MINT. Explore the stocks most correlated and inversely correlated with EMNT below, along with its price, financials, and company profile.
Stocks correlated with EMNT
Correlation of daily returns. Higher positive values move with EMNT; negative values move opposite it. Informational only, not investment advice.
Most correlated with EMNT
| Symbol | Company | Correlation |
|---|---|---|
| GBIL | Goldman Sachs Access Treasury 0-1 Year ETF | 0.91 |
| JPST | JPMorgan Ultra-Short Income ETF | 0.91 |
| MINT | PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 0.90 |
| BILZ | PIMCO Ultra Short Government Active ETF | 0.90 |
| GSST | Goldman Sachs Ultra Short Bond ETF | 0.87 |
Most inversely correlated with EMNT
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.35 |
| TBX | ProShares Short 7-10 Year Treasury | -0.32 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.30 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.28 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.28 |
Frequently asked questions about EMNT correlations
- Which stocks are most correlated with EMNT?
- Based on one year of daily returns, the stocks most correlated with PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) are GBIL (0.91), JPST (0.91) and MINT (0.90). 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 EMNT?
- Over the past year, the stocks most inversely correlated with PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) are PST (-0.35), TBX (-0.32) and TYO (-0.30). 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 EMNT correlations calculated?
- We compute the correlation of daily returns between EMNT 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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