UVA Unconstrained Medium-Term Fixed Income ETF (FFIU) — Stock Correlations & Overview
Over the past year, FFIU has moved most closely with FOPC, CGCB, YFFI. Explore the stocks most correlated and inversely correlated with FFIU below, along with its price, financials, and company profile.
Stocks correlated with FFIU
Correlation of daily returns. Higher positive values move with FFIU; negative values move opposite it. Informational only, not investment advice.
Most correlated with FFIU
| Symbol | Company | Correlation |
|---|---|---|
| FOPC | Frontier Asset Opportunistic Credit ETF | 0.50 |
| CGCB | Capital Group Core Bond ETF | 0.50 |
| YFFI | Indexperts Yield Focused Fixed Income ETF | 0.50 |
| HFSI | Hartford Strategic Income ETF | 0.49 |
| BBBI | BondBloxx BBB Rated 5-10 Year Corporate Bond ETF | 0.49 |
Most inversely correlated with FFIU
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.43 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.42 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.41 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.41 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.39 |
Frequently asked questions about FFIU correlations
- Which stocks are most correlated with FFIU?
- Based on one year of daily returns, the stocks most correlated with UVA Unconstrained Medium-Term Fixed Income ETF (FFIU) are FOPC (0.50), CGCB (0.50) and YFFI (0.50). 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 FFIU?
- Over the past year, the stocks most inversely correlated with UVA Unconstrained Medium-Term Fixed Income ETF (FFIU) are TYO (-0.43), TMV (-0.42) and PST (-0.41). 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 FFIU correlations calculated?
- We compute the correlation of daily returns between FFIU 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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