Fidelity Low Duration Bond ETF (FLDB) — Stock Correlations & Overview
Over the past year, FLDB has moved most closely with OPER, FLDR, TUSI. Explore the stocks most correlated and inversely correlated with FLDB below, along with its price, financials, and company profile.
Stocks correlated with FLDB
Correlation of daily returns. Higher positive values move with FLDB; negative values move opposite it. Informational only, not investment advice.
Most correlated with FLDB
| Symbol | Company | Correlation |
|---|---|---|
| OPER | ClearShares Ultra-Short Maturity ETF | 0.76 |
| FLDR | Fidelity Low Duration Bond Factor ETF | 0.73 |
| TUSI | Touchstone Ultra Short Income ETF | 0.65 |
| FLTB | Fidelity Limited Term Bond ETF | 0.63 |
| OGSP | Obra High Grade Structured Products ETF | 0.63 |
Most inversely correlated with FLDB
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.27 |
| ENTA | Enanta Pharmaceuticals, IncPHARMACEUTICAL PREPARATIONS | -0.27 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.24 |
| TBX | ProShares Short 7-10 Year Treasury | -0.23 |
| ET | Energy Transfer LP Common Units representing limited partner interestsNATURAL GAS TRANSMISSION | -0.23 |
Frequently asked questions about FLDB correlations
- Which stocks are most correlated with FLDB?
- Based on one year of daily returns, the stocks most correlated with Fidelity Low Duration Bond ETF (FLDB) are OPER (0.76), FLDR (0.73) and TUSI (0.65). 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 FLDB?
- Over the past year, the stocks most inversely correlated with Fidelity Low Duration Bond ETF (FLDB) are TYO (-0.27), ENTA (-0.27) and PST (-0.24). 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 FLDB correlations calculated?
- We compute the correlation of daily returns between FLDB 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.