iShares U.S. Treasury Bond ETF (GOVT) — Stock Correlations & Overview
Over the past year, GOVT has moved most closely with IEF, IBTQ, IBTP. Explore the stocks most correlated and inversely correlated with GOVT below, along with its price, financials, and company profile.
Stocks correlated with GOVT
Correlation of daily returns. Higher positive values move with GOVT; negative values move opposite it. Informational only, not investment advice.
Most correlated with GOVT
| Symbol | Company | Correlation |
|---|---|---|
| IEF | iShares 7-10 Year Treasury Bond ETF | 0.98 |
| IBTQ | iShares iBonds Dec 2035 Term Treasury ETF | 0.98 |
| IBTP | iShares iBonds Dec 2034 Term Treasury ETF | 0.98 |
| FLGV | Franklin U.S. Treasury Bond ETF | 0.98 |
| VTG | Vanguard Total Treasury ETF | 0.98 |
Most inversely correlated with GOVT
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.93 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.92 |
| TBX | ProShares Short 7-10 Year Treasury | -0.89 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.89 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.88 |
Frequently asked questions about GOVT correlations
- Which stocks are most correlated with GOVT?
- Based on one year of daily returns, the stocks most correlated with iShares U.S. Treasury Bond ETF (GOVT) are IEF (0.98), IBTQ (0.98) and IBTP (0.98). 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 GOVT?
- Over the past year, the stocks most inversely correlated with iShares U.S. Treasury Bond ETF (GOVT) are PST (-0.93), TYO (-0.92) and TBX (-0.89). 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 GOVT correlations calculated?
- We compute the correlation of daily returns between GOVT 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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