Franklin Short Duration U.S. Government ETF (FTSD) — Stock Correlations & Overview
Over the past year, FTSD has moved most closely with SHY, NEAR, ICSH. Explore the stocks most correlated and inversely correlated with FTSD below, along with its price, financials, and company profile.
Stocks correlated with FTSD
Correlation of daily returns. Higher positive values move with FTSD; negative values move opposite it. Informational only, not investment advice.
Most correlated with FTSD
| Symbol | Company | Correlation |
|---|---|---|
| SHY | iShares 1-3 Year Treasury Bond ETF | 0.77 |
| NEAR | iShares Short Duration Bond Active ETF | 0.76 |
| ICSH | iShares Ultra Short Duration Bond Active ETF | 0.76 |
| SPTS | State Street SPDR Portfolio Short Term Treasury ETF | 0.76 |
| SCHO | Schwab Short-Term U.S. Treasury ETF | 0.76 |
Most inversely correlated with FTSD
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.46 |
| TBX | ProShares Short 7-10 Year Treasury | -0.46 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.43 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.35 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.35 |
Frequently asked questions about FTSD correlations
- Which stocks are most correlated with FTSD?
- Based on one year of daily returns, the stocks most correlated with Franklin Short Duration U.S. Government ETF (FTSD) are SHY (0.77), NEAR (0.76) and ICSH (0.76). 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 FTSD?
- Over the past year, the stocks most inversely correlated with Franklin Short Duration U.S. Government ETF (FTSD) are PST (-0.46), TBX (-0.46) and TYO (-0.43). 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 FTSD correlations calculated?
- We compute the correlation of daily returns between FTSD 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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