iShares Investment Grade Systematic Bond ETF (IGEB) — Stock Correlations & Overview
Over the past year, IGEB has moved most closely with USIG, QLTA, IGIB. Explore the stocks most correlated and inversely correlated with IGEB below, along with its price, financials, and company profile.
Stocks correlated with IGEB
Correlation of daily returns. Higher positive values move with IGEB; negative values move opposite it. Informational only, not investment advice.
Most correlated with IGEB
| Symbol | Company | Correlation |
|---|---|---|
| USIG | iShares Broad USD Investment Grade Corporate Bond ETF | 0.99 |
| QLTA | iShares Aaa - A Rated Corporate Bond ETF | 0.99 |
| IGIB | iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.99 |
| SUSC | iShares Trust iShares ESG Aware USD Corporate Bond ETF | 0.98 |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.98 |
Most inversely correlated with IGEB
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.85 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.84 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.81 |
| TBX | ProShares Short 7-10 Year Treasury | -0.81 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.81 |
Frequently asked questions about IGEB correlations
- Which stocks are most correlated with IGEB?
- Based on one year of daily returns, the stocks most correlated with iShares Investment Grade Systematic Bond ETF (IGEB) are USIG (0.99), QLTA (0.99) and IGIB (0.99). 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 IGEB?
- Over the past year, the stocks most inversely correlated with iShares Investment Grade Systematic Bond ETF (IGEB) are PST (-0.85), TYO (-0.84) and TMV (-0.81). 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 IGEB correlations calculated?
- We compute the correlation of daily returns between IGEB 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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