Franklin Senior Loan ETF (FLBL) — Stock Correlations & Overview
Over the past year, FLBL has moved most closely with LONZ, SRLN, FLOT. Explore the stocks most correlated and inversely correlated with FLBL below, along with its price, financials, and company profile.
Stocks correlated with FLBL
Correlation of daily returns. Higher positive values move with FLBL; negative values move opposite it. Informational only, not investment advice.
Most correlated with FLBL
| Symbol | Company | Correlation |
|---|---|---|
| LONZ | PIMCO Senior Loan Active Exchange-Traded Fund | 0.65 |
| SRLN | State Street Blackstone Senior Loan ETF | 0.62 |
| FLOT | iShares Floating Rate Bond ETF | 0.57 |
| HYBL | State Street Blackstone High Income ETF | 0.56 |
| ICSH | iShares Ultra Short Duration Bond Active ETF | 0.55 |
Most inversely correlated with FLBL
| Symbol | Company | Correlation |
|---|---|---|
| SCC | ProShares UltraShort Consumer Discretionary | -0.27 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | -0.27 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.27 |
| SBIT | ProShares UltraShort Bitcoin ETF | -0.26 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.26 |
Frequently asked questions about FLBL correlations
- Which stocks are most correlated with FLBL?
- Based on one year of daily returns, the stocks most correlated with Franklin Senior Loan ETF (FLBL) are LONZ (0.65), SRLN (0.62) and FLOT (0.57). 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 FLBL?
- Over the past year, the stocks most inversely correlated with Franklin Senior Loan ETF (FLBL) are SCC (-0.27), BTCZ (-0.27) and SPDN (-0.27). 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 FLBL correlations calculated?
- We compute the correlation of daily returns between FLBL 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.