VanEck IG Floating Rate ETF (FLTR) — Stock Correlations & Overview
Over the past year, FLTR has moved most closely with FLRN, CLOI, BKUI. Explore the stocks most correlated and inversely correlated with FLTR below, along with its price, financials, and company profile.
Stocks correlated with FLTR
Correlation of daily returns. Higher positive values move with FLTR; negative values move opposite it. Informational only, not investment advice.
Most correlated with FLTR
| Symbol | Company | Correlation |
|---|---|---|
| FLRN | State Street SPDR Bloomberg Investment Grade Floating Rate ETF | 0.72 |
| CLOI | VanEck CLO ETF | 0.71 |
| BKUI | BNY Mellon Ultra Short Income ETF | 0.70 |
| FLOT | iShares Floating Rate Bond ETF | 0.69 |
| SHV | iShares Trust iShares 0-1 Year Treasury Bond ETF | 0.67 |
Most inversely correlated with FLTR
| Symbol | Company | Correlation |
|---|---|---|
| CYCN | Cyclerion Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.25 |
| HYFM | Hydrofarm Holdings Group, Inc. Common StockWHOLESALE-MISCELLANEOUS NONDURABLE GOODS | -0.25 |
| BOHpA | Bank of Hawaii Corporation Depositary Shares Each Representing a 1/40th Interest in a Share of 4.375% Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series ASTATE COMMERCIAL BANKS | -0.24 |
| LHAI | Linkhome Holdings Inc. Common stockREAL ESTATE AGENTS & MANAGERS (FOR OTHERS) | -0.22 |
| GOTU | Gaotu Techedu Inc. American Depositary Shares, three of which representing two Class A Ordinary Shares | -0.21 |
Frequently asked questions about FLTR correlations
- Which stocks are most correlated with FLTR?
- Based on one year of daily returns, the stocks most correlated with VanEck IG Floating Rate ETF (FLTR) are FLRN (0.72), CLOI (0.71) and BKUI (0.70). 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 FLTR?
- Over the past year, the stocks most inversely correlated with VanEck IG Floating Rate ETF (FLTR) are CYCN (-0.25), HYFM (-0.25) and BOHpA (-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 FLTR correlations calculated?
- We compute the correlation of daily returns between FLTR 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.