iShares U.S. Regional Banks ETF (IAT) — Stock Correlations & Overview
Over the past year, IAT has moved most closely with FTXO, KBE, KRE. Explore the stocks most correlated and inversely correlated with IAT below, along with its price, financials, and company profile.
Stocks correlated with IAT
Correlation of daily returns. Higher positive values move with IAT; negative values move opposite it. Informational only, not investment advice.
Most correlated with IAT
| Symbol | Company | Correlation |
|---|---|---|
| FTXO | First Trust Nasdaq Bank ETF | 0.97 |
| KBE | State Street SPDR S&P Bank ETF | 0.95 |
| KRE | State Street SPDR S&P Regional Banking ETF | 0.95 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.95 |
| RF | Regions Financial Corp.NATIONAL COMMERCIAL BANKS | 0.93 |
Most inversely correlated with IAT
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.95 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.78 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.75 |
| SEF | ProShares Short Financials | -0.74 |
| SKF | ProShares UltraShort Financials | -0.74 |
Frequently asked questions about IAT correlations
- Which stocks are most correlated with IAT?
- Based on one year of daily returns, the stocks most correlated with iShares U.S. Regional Banks ETF (IAT) are FTXO (0.97), KBE (0.95) and KRE (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 IAT?
- Over the past year, the stocks most inversely correlated with iShares U.S. Regional Banks ETF (IAT) are SKRE (-0.95), BNKD (-0.78) and FAZ (-0.75). 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 IAT correlations calculated?
- We compute the correlation of daily returns between IAT 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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