Which stocks are most correlated with FXED?

Based on one year of daily returns, the stocks most correlated with Sound Enhanced Fixed Income ETF (FXED) are FBDC (0.58), PBDC (0.56) and KBWD (0.56). 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 FXED?

Over the past year, the stocks most inversely correlated with Sound Enhanced Fixed Income ETF (FXED) are HDGE (-0.43), CARD (-0.42) and SDD (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

Sound Enhanced Fixed Income ETF (FXED) — Stock Correlations & Overview

Over the past year, FXED has moved most closely with FBDC, PBDC, KBWD. Explore the stocks most correlated and inversely correlated with FXED below, along with its price, financials, and company profile.

Stocks correlated with FXED

Correlation of daily returns. Higher positive values move with FXED; negative values move opposite it. Informational only, not investment advice.

Most correlated with FXED

Symbol	Company	Correlation
FBDC	FT Confluence BDC & Specialty Finance Income ETF	0.58
PBDC	Putnam BDC Income ETF	0.56
KBWD	Invesco KBW High Dividend Yield Financial ETFINVESTMENT ADVICE	0.56
HYIN	WisdomTree Private Credit and Alternative Income Fund	0.56
PEX	ProShares Global Listed Private Equity ETF	0.56

Most inversely correlated with FXED

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.43
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.42
SDD	ProShares UltraShort SmallCap600	-0.40
SBB	ProShares Short SmallCap600	-0.40
RWM	ProShares Short Russell2000	-0.40

Frequently asked questions about FXED correlations

Which stocks are most correlated with FXED?: Based on one year of daily returns, the stocks most correlated with Sound Enhanced Fixed Income ETF (FXED) are FBDC (0.58), PBDC (0.56) and KBWD (0.56). 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 FXED?: Over the past year, the stocks most inversely correlated with Sound Enhanced Fixed Income ETF (FXED) are HDGE (-0.43), CARD (-0.42) and SDD (-0.40). 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 FXED correlations calculated?: We compute the correlation of daily returns between FXED 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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