Global X Investment Grade Corporate Bond ETF (GXIG) — Stock Correlations & Overview
Over the past year, GXIG has moved most closely with BKAG, BBBI, BBBL. Explore the stocks most correlated and inversely correlated with GXIG below, along with its price, financials, and company profile.
Stocks correlated with GXIG
Correlation of daily returns. Higher positive values move with GXIG; negative values move opposite it. Informational only, not investment advice.
Most correlated with GXIG
| Symbol | Company | Correlation |
|---|---|---|
| BKAG | BNY Mellon Core Bond ETF | 0.79 |
| BBBI | BondBloxx BBB Rated 5-10 Year Corporate Bond ETF | 0.78 |
| BBBL | BondBloxx BBB Rated 10+ Year Corporate Bond ETF | 0.78 |
| MYCN | SSGA Active Trust State Street My2034 Corporate Bond ETF | 0.78 |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.78 |
Most inversely correlated with GXIG
| Symbol | Company | Correlation |
|---|---|---|
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.71 |
| TBX | ProShares Short 7-10 Year Treasury | -0.70 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.70 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.68 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.68 |
Frequently asked questions about GXIG correlations
- Which stocks are most correlated with GXIG?
- Based on one year of daily returns, the stocks most correlated with Global X Investment Grade Corporate Bond ETF (GXIG) are BKAG (0.79), BBBI (0.78) and BBBL (0.78). 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 GXIG?
- Over the past year, the stocks most inversely correlated with Global X Investment Grade Corporate Bond ETF (GXIG) are TTT (-0.71), TBX (-0.70) and PST (-0.70). 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 GXIG correlations calculated?
- We compute the correlation of daily returns between GXIG 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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