iShares Global Government Bond USD Hedged Active ETF (GGOV) — Stock Correlations & Overview
Over the past year, GGOV has moved most closely with IAGG, FLIA, AGGS. Explore the stocks most correlated and inversely correlated with GGOV below, along with its price, financials, and company profile.
Stocks correlated with GGOV
Correlation of daily returns. Higher positive values move with GGOV; negative values move opposite it. Informational only, not investment advice.
Most correlated with GGOV
| Symbol | Company | Correlation |
|---|---|---|
| IAGG | iShares Core International Aggregate Bond Fund | 0.75 |
| FLIA | Franklin International Aggregate Bond ETF | 0.73 |
| AGGS | Harbor Disciplined Bond ETF | 0.54 |
| AGG | iShares Core U.S. Aggregate Bond ETF | 0.52 |
| IBTP | iShares iBonds Dec 2034 Term Treasury ETF | 0.51 |
Most inversely correlated with GGOV
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.47 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.46 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.46 |
| TBX | ProShares Short 7-10 Year Treasury | -0.46 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.46 |
Frequently asked questions about GGOV correlations
- Which stocks are most correlated with GGOV?
- Based on one year of daily returns, the stocks most correlated with iShares Global Government Bond USD Hedged Active ETF (GGOV) are IAGG (0.75), FLIA (0.73) and AGGS (0.54). 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 GGOV?
- Over the past year, the stocks most inversely correlated with iShares Global Government Bond USD Hedged Active ETF (GGOV) are PST (-0.47), TBT (-0.46) and TYO (-0.46). 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 GGOV correlations calculated?
- We compute the correlation of daily returns between GGOV 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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