iShares Fallen Angels USD Bond ETF (FALN) — Stock Correlations & Overview
Over the past year, FALN has moved most closely with ANGL, HYG, USHY. Explore the stocks most correlated and inversely correlated with FALN below, along with its price, financials, and company profile.
Stocks correlated with FALN
Correlation of daily returns. Higher positive values move with FALN; negative values move opposite it. Informational only, not investment advice.
Most correlated with FALN
| Symbol | Company | Correlation |
|---|---|---|
| ANGL | VanEck Fallen Angel High Yield Bond ETF | 0.95 |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 0.95 |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | 0.94 |
| HYGV | Northern Trust High Yield Value-Scored Bond ETF | 0.94 |
| HYDB | iShares High Yield Systematic Bond ETF | 0.94 |
Frequently asked questions about FALN correlations
- Which stocks are most correlated with FALN?
- Based on one year of daily returns, the stocks most correlated with iShares Fallen Angels USD Bond ETF (FALN) are ANGL (0.95), HYG (0.95) and USHY (0.94). 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 FALN?
- Over the past year, the stocks most inversely correlated with iShares Fallen Angels USD Bond ETF (FALN) are SJB (-0.76), EFZ (-0.73) and EPV (-0.72). 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 FALN correlations calculated?
- We compute the correlation of daily returns between FALN 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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