Invesco AAA CLO Floating Rate Note ETF (ICLO) — Stock Correlations & Overview
Over the past year, ICLO has moved most closely with TBLL, GSY, BSCQ. Explore the stocks most correlated and inversely correlated with ICLO below, along with its price, financials, and company profile.
Stocks correlated with ICLO
Correlation of daily returns. Higher positive values move with ICLO; negative values move opposite it. Informational only, not investment advice.
Most correlated with ICLO
| Symbol | Company | Correlation |
|---|---|---|
| TBLL | Invesco Short Term Treasury ETF | 0.80 |
| GSY | Invesco Ultra Short Duration ETF | 0.77 |
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | 0.73 |
| VRIG | Invesco Variable Rate Investment Grade ETF | 0.72 |
| BSCR | Invesco BulletShares 2027 Corporate Bond ETF | 0.72 |
Most inversely correlated with ICLO
| Symbol | Company | Correlation |
|---|---|---|
| MBX | MBX Biosciences, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.23 |
| NUAIW | New Era Energy & Digital, Inc. WarrantsCRUDE PETROLEUM & NATURAL GAS | -0.23 |
| GORO | Goldgroup Mining Inc. | -0.22 |
| HXHX | Haoxin Holdings Limited Class A Ordinary Shares | -0.22 |
| STZ | Constellation Brands, Inc.BEVERAGES | -0.22 |
Frequently asked questions about ICLO correlations
- Which stocks are most correlated with ICLO?
- Based on one year of daily returns, the stocks most correlated with Invesco AAA CLO Floating Rate Note ETF (ICLO) are TBLL (0.80), GSY (0.77) and BSCQ (0.73). 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 ICLO?
- Over the past year, the stocks most inversely correlated with Invesco AAA CLO Floating Rate Note ETF (ICLO) are MBX (-0.23), NUAIW (-0.23) and GORO (-0.22). 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 ICLO correlations calculated?
- We compute the correlation of daily returns between ICLO 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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