Which stocks are most correlated with HYBL?

Based on one year of daily returns, the stocks most correlated with State Street Blackstone High Income ETF (HYBL) are SJNK (0.86), SPHY (0.84) and JNK (0.84). 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 HYBL?

Over the past year, the stocks most inversely correlated with State Street Blackstone High Income ETF (HYBL) are EFZ (-0.55), SJB (-0.55) and EFU (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.

State Street Blackstone High Income ETF (HYBL) — Stock Correlations & Overview

Over the past year, HYBL has moved most closely with SJNK, SPHY, JNK. Explore the stocks most correlated and inversely correlated with HYBL below, along with its price, financials, and company profile.

Stocks correlated with HYBL

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

Most correlated with HYBL

Symbol	Company	Correlation
SJNK	State Street SPDR Bloomberg Short Term High Yield Bond ETF	0.86
SPHY	State Street SPDR Portfolio High Yield Bond ETF	0.84
JNK	State Street SPDR Bloomberg High Yield Bond ETF	0.84
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	0.83
BBHY	JPMorgan BetaBuilders USD High Yield Corporate Bond ETF	0.82

Most inversely correlated with HYBL

Symbol	Company	Correlation
EFZ	ProShares Trust Short MSCI EAFE	-0.55
SJB	ProShares Short High Yield	-0.55
EFU	ProShares Trust UltraShort MSCI EAFE	-0.53
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.52
SPXU	ProShares UltraPro Short S&P 500	-0.52

Frequently asked questions about HYBL correlations

Which stocks are most correlated with HYBL?: Based on one year of daily returns, the stocks most correlated with State Street Blackstone High Income ETF (HYBL) are SJNK (0.86), SPHY (0.84) and JNK (0.84). 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 HYBL?: Over the past year, the stocks most inversely correlated with State Street Blackstone High Income ETF (HYBL) are EFZ (-0.55), SJB (-0.55) and EFU (-0.53). 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 HYBL correlations calculated?: We compute the correlation of daily returns between HYBL 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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