ProShares Investment Grade-Interest Rate Hedged (IGHG) — Stock Correlations & Overview
Over the past year, IGHG has moved most closely with JULZ, IGBH, SPYT. Explore the stocks most correlated and inversely correlated with IGHG below, along with its price, financials, and company profile.
Stocks correlated with IGHG
Correlation of daily returns. Higher positive values move with IGHG; negative values move opposite it. Informational only, not investment advice.
Most correlated with IGHG
| Symbol | Company | Correlation |
|---|---|---|
| JULZ | TrueShares Structured Outcome (July) ETF | 0.52 |
| IGBH | iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 0.51 |
| SPYT | Defiance S&P 500 Income Target ETF | 0.50 |
| NOVZ | TrueShares Structured Outcome (November) ETF | 0.49 |
| DECZ | TrueShares Structured Outcome (December) ETF | 0.49 |
Most inversely correlated with IGHG
| Symbol | Company | Correlation |
|---|---|---|
| TAIL | Cambria Tail Risk ETF | -0.46 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.41 |
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.41 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.41 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.41 |
Frequently asked questions about IGHG correlations
- Which stocks are most correlated with IGHG?
- Based on one year of daily returns, the stocks most correlated with ProShares Investment Grade-Interest Rate Hedged (IGHG) are JULZ (0.52), IGBH (0.51) and SPYT (0.50). 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 IGHG?
- Over the past year, the stocks most inversely correlated with ProShares Investment Grade-Interest Rate Hedged (IGHG) are TAIL (-0.46), SPDN (-0.41) and UVXY (-0.41). 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 IGHG correlations calculated?
- We compute the correlation of daily returns between IGHG 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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