Which stocks are most correlated with GHYG?

Based on one year of daily returns, the stocks most correlated with iShares US & Intl High Yield Corp Bond ETF (GHYG) are USHY (0.87), HYG (0.86) and SHYG (0.86). 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 GHYG?

Over the past year, the stocks most inversely correlated with iShares US & Intl High Yield Corp Bond ETF (GHYG) are EPV (-0.66), EFZ (-0.66) and EFU (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.

iShares US & Intl High Yield Corp Bond ETF (GHYG) — Stock Correlations & Overview

Over the past year, GHYG has moved most closely with USHY, HYG, SHYG. Explore the stocks most correlated and inversely correlated with GHYG below, along with its price, financials, and company profile.

Stocks correlated with GHYG

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

Most correlated with GHYG

Symbol	Company	Correlation
USHY	iShares Broad USD High Yield Corporate Bond ETF	0.87
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	0.86
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	0.86
HYGV	Northern Trust High Yield Value-Scored Bond ETF	0.86
HYDB	iShares High Yield Systematic Bond ETF	0.86

Most inversely correlated with GHYG

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.66
EFZ	ProShares Trust Short MSCI EAFE	-0.66
EFU	ProShares Trust UltraShort MSCI EAFE	-0.65
SJB	ProShares Short High Yield	-0.64
EUO	ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS	-0.59

Frequently asked questions about GHYG correlations

Which stocks are most correlated with GHYG?: Based on one year of daily returns, the stocks most correlated with iShares US & Intl High Yield Corp Bond ETF (GHYG) are USHY (0.87), HYG (0.86) and SHYG (0.86). 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 GHYG?: Over the past year, the stocks most inversely correlated with iShares US & Intl High Yield Corp Bond ETF (GHYG) are EPV (-0.66), EFZ (-0.66) and EFU (-0.65). 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 GHYG correlations calculated?: We compute the correlation of daily returns between GHYG 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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