iShares Ultra Short Duration Bond Active ETF (ICSH) — Stock Correlations & Overview
Over the past year, ICSH has moved most closely with SHV, SGOV, SGVT. Explore the stocks most correlated and inversely correlated with ICSH below, along with its price, financials, and company profile.
Stocks correlated with ICSH
Correlation of daily returns. Higher positive values move with ICSH; negative values move opposite it. Informational only, not investment advice.
Most correlated with ICSH
| Symbol | Company | Correlation |
|---|---|---|
| SHV | iShares Trust iShares 0-1 Year Treasury Bond ETF | 0.95 |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 0.94 |
| SGVT | Schwab Government Money Market ETF | 0.93 |
| RAVI | Northern Trust Ultra-Short Fixed Income ETF | 0.92 |
| TFLO | iShares Treasury Floating Rate Bond ETF | 0.92 |
Most inversely correlated with ICSH
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.33 |
| TBX | ProShares Short 7-10 Year Treasury | -0.31 |
| FLYE | Fly-E Group, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.31 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.28 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.27 |
Frequently asked questions about ICSH correlations
- Which stocks are most correlated with ICSH?
- Based on one year of daily returns, the stocks most correlated with iShares Ultra Short Duration Bond Active ETF (ICSH) are SHV (0.95), SGOV (0.94) and SGVT (0.93). 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 ICSH?
- Over the past year, the stocks most inversely correlated with iShares Ultra Short Duration Bond Active ETF (ICSH) are PST (-0.33), TBX (-0.31) and FLYE (-0.31). 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 ICSH correlations calculated?
- We compute the correlation of daily returns between ICSH 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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