Which stocks are most correlated with HYT?

Based on one year of daily returns, the stocks most correlated with BLACKROCK CORPORATE HIGH YIELD FUND INC. (HYT) are CEFD (0.61), PCEF (0.61) and XT (0.60). 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 HYT?

Over the past year, the stocks most inversely correlated with BLACKROCK CORPORATE HIGH YIELD FUND INC. (HYT) are SPXS (-0.52), SPXU (-0.52) and SDS (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

BLACKROCK CORPORATE HIGH YIELD FUND INC. (HYT) — Stock Correlations & Overview

Over the past year, HYT has moved most closely with CEFD, PCEF, XT. Explore the stocks most correlated and inversely correlated with HYT below, along with its price, financials, and company profile.

Stocks correlated with HYT

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

Most correlated with HYT

Symbol	Company	Correlation
CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	0.61
PCEF	Invesco CEF Income Composite ETFINVESTMENT ADVICE	0.61
XT	iShares Trust iShares Future Exponential Technologies ETF	0.60
BDVL	iShares Disciplined Volatility Equity Active ETF	0.60
BIT	BLACKROCK MULTI-SECTOR INCOME TRUST	0.60

Most inversely correlated with HYT

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.52
SPXU	ProShares UltraPro Short S&P 500	-0.52
SDS	ProShares UltraShort S&P500	-0.51
SDOW	ProShares UltraPro Short Dow 30	-0.51
SH	ProShares Short S&P500	-0.51

Frequently asked questions about HYT correlations

Which stocks are most correlated with HYT?: Based on one year of daily returns, the stocks most correlated with BLACKROCK CORPORATE HIGH YIELD FUND INC. (HYT) are CEFD (0.61), PCEF (0.61) and XT (0.60). 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 HYT?: Over the past year, the stocks most inversely correlated with BLACKROCK CORPORATE HIGH YIELD FUND INC. (HYT) are SPXS (-0.52), SPXU (-0.52) and SDS (-0.51). 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 HYT correlations calculated?: We compute the correlation of daily returns between HYT 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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