Which stocks are most correlated with IBHK?

Based on one year of daily returns, the stocks most correlated with iShares iBonds 2031 Term High Yield and Income ETF (IBHK) are HYG (0.94), USHY (0.94) and SHYG (0.94). 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 IBHK?

Over the past year, the stocks most inversely correlated with iShares iBonds 2031 Term High Yield and Income ETF (IBHK) are SJB (-0.72), EFZ (-0.68) and EPV (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.

iShares iBonds 2031 Term High Yield and Income ETF (IBHK) — Stock Correlations & Overview

Over the past year, IBHK has moved most closely with HYG, USHY, SHYG. Explore the stocks most correlated and inversely correlated with IBHK below, along with its price, financials, and company profile.

Stocks correlated with IBHK

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

Most correlated with IBHK

Symbol	Company	Correlation
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	0.94
USHY	iShares Broad USD High Yield Corporate Bond ETF	0.94
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	0.94
JNK	State Street SPDR Bloomberg High Yield Bond ETF	0.93
SCYB	Schwab High Yield Bond ETF	0.93

Most inversely correlated with IBHK

Symbol	Company	Correlation
SJB	ProShares Short High Yield	-0.72
EFZ	ProShares Trust Short MSCI EAFE	-0.68
EPV	ProShares UltraShort FTSE Europe	-0.67
SPXU	ProShares UltraPro Short S&P 500	-0.66
SDS	ProShares UltraShort S&P500	-0.66

Frequently asked questions about IBHK correlations

Which stocks are most correlated with IBHK?: Based on one year of daily returns, the stocks most correlated with iShares iBonds 2031 Term High Yield and Income ETF (IBHK) are HYG (0.94), USHY (0.94) and SHYG (0.94). 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 IBHK?: Over the past year, the stocks most inversely correlated with iShares iBonds 2031 Term High Yield and Income ETF (IBHK) are SJB (-0.72), EFZ (-0.68) and EPV (-0.67). 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 IBHK correlations calculated?: We compute the correlation of daily returns between IBHK 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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