Which stocks are most correlated with IBND?

Based on one year of daily returns, the stocks most correlated with State Street SPDR Bloomberg International Corporate Bond ETF (IBND) are PICB (0.92), ISHG (0.91) and IGOV (0.90). 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 IBND?

Over the past year, the stocks most inversely correlated with State Street SPDR Bloomberg International Corporate Bond ETF (IBND) are EUO (-0.85), UUP (-0.77) and EPV (-0.69). A negative correlation means the two stocks have tended to move in opposite directions.

State Street SPDR Bloomberg International Corporate Bond ETF (IBND) — Stock Correlations & Overview

Over the past year, IBND has moved most closely with PICB, ISHG, IGOV. Explore the stocks most correlated and inversely correlated with IBND below, along with its price, financials, and company profile.

Stocks correlated with IBND

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

Most correlated with IBND

Symbol	Company	Correlation
PICB	Invesco International Corporate Bond ETF	0.92
ISHG	iShares 1-3 Year International Treasury Bond ETF	0.91
IGOV	iShares International Treasury Bond ETF	0.90
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	0.90
FXE	Invesco CurrencyShares Euro Currency TrustCOMMODITY CONTRACTS BROKERS & DEALERS	0.87

Most inversely correlated with IBND

Symbol	Company	Correlation
EUO	ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS	-0.85
UUP	Invesco DB US Dollar Index Bullish FundCOMMODITY CONTRACTS BROKERS & DEALERS	-0.77
EPV	ProShares UltraShort FTSE Europe	-0.69
EFU	ProShares Trust UltraShort MSCI EAFE	-0.67
EFZ	ProShares Trust Short MSCI EAFE	-0.66

Frequently asked questions about IBND correlations

Which stocks are most correlated with IBND?: Based on one year of daily returns, the stocks most correlated with State Street SPDR Bloomberg International Corporate Bond ETF (IBND) are PICB (0.92), ISHG (0.91) and IGOV (0.90). 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 IBND?: Over the past year, the stocks most inversely correlated with State Street SPDR Bloomberg International Corporate Bond ETF (IBND) are EUO (-0.85), UUP (-0.77) and EPV (-0.69). 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 IBND correlations calculated?: We compute the correlation of daily returns between IBND 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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