Northern Trust ESG & Climate Investment Grade Corporate Core ETF (FEIG) — Stock Correlations & Overview
Over the past year, FEIG has moved most closely with QLTA, SUSC, USIG. Explore the stocks most correlated and inversely correlated with FEIG below, along with its price, financials, and company profile.
Stocks correlated with FEIG
Correlation of daily returns. Higher positive values move with FEIG; negative values move opposite it. Informational only, not investment advice.
Most correlated with FEIG
| Symbol | Company | Correlation |
|---|---|---|
| QLTA | iShares Aaa - A Rated Corporate Bond ETF | 0.97 |
| SUSC | iShares Trust iShares ESG Aware USD Corporate Bond ETF | 0.97 |
| USIG | iShares Broad USD Investment Grade Corporate Bond ETF | 0.97 |
| VTC | Vanguard Total Corporate Bond ETF | 0.97 |
| BBCB | JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 0.97 |
Most inversely correlated with FEIG
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.85 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.84 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.84 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.83 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.81 |
Frequently asked questions about FEIG correlations
- Which stocks are most correlated with FEIG?
- Based on one year of daily returns, the stocks most correlated with Northern Trust ESG & Climate Investment Grade Corporate Core ETF (FEIG) are QLTA (0.97), SUSC (0.97) and USIG (0.97). 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 FEIG?
- Over the past year, the stocks most inversely correlated with Northern Trust ESG & Climate Investment Grade Corporate Core ETF (FEIG) are PST (-0.85), TYO (-0.84) and TMV (-0.84). 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 FEIG correlations calculated?
- We compute the correlation of daily returns between FEIG 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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