Invesco Core Fixed Income ETF (GTOC) — Stock Correlations & Overview
Over the past year, GTOC has moved most closely with GTO, BSCX, BSCY. Explore the stocks most correlated and inversely correlated with GTOC below, along with its price, financials, and company profile.
Stocks correlated with GTOC
Correlation of daily returns. Higher positive values move with GTOC; negative values move opposite it. Informational only, not investment advice.
Most correlated with GTOC
| Symbol | Company | Correlation |
|---|---|---|
| GTO | Invesco Total Return Bond ETF | 0.97 |
| BSCX | Invesco BulletShares 2033 Corporate Bond ETF | 0.95 |
| BSCY | Invesco BulletShares 2034 Corporate Bond ETF | 0.95 |
| BSCZ | Invesco BulletShares 2035 Corporate Bond ETF | 0.95 |
| GOVI | Invesco Exchange-Traded Fund Trust II Invesco Equal Weight 0-30 Year Treasury ETF | 0.94 |
Most inversely correlated with GTOC
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.89 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.89 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.86 |
| TBX | ProShares Short 7-10 Year Treasury | -0.85 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.85 |
Frequently asked questions about GTOC correlations
- Which stocks are most correlated with GTOC?
- Based on one year of daily returns, the stocks most correlated with Invesco Core Fixed Income ETF (GTOC) are GTO (0.97), BSCX (0.95) and BSCY (0.95). 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 GTOC?
- Over the past year, the stocks most inversely correlated with Invesco Core Fixed Income ETF (GTOC) are TYO (-0.89), PST (-0.89) and TMV (-0.86). 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 GTOC correlations calculated?
- We compute the correlation of daily returns between GTOC 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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