Which stocks are most correlated with IGI?

Based on one year of daily returns, the stocks most correlated with Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) are HISF (0.50), DFCF (0.50) and IGCB (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 IGI?

Over the past year, the stocks most inversely correlated with Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) are SJB (-0.41), TBT (-0.41) and TTT (-0.41). A negative correlation means the two stocks have tended to move in opposite directions.

Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) — Stock Correlations & Overview

Over the past year, IGI has moved most closely with HISF, DFCF, IGCB. Explore the stocks most correlated and inversely correlated with IGI below, along with its price, financials, and company profile.

Stocks correlated with IGI

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

Most correlated with IGI

Symbol	Company	Correlation
HISF	First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF	0.50
DFCF	Dimensional Core Fixed Income ETF	0.50
IGCB	TCW Corporate Bond ETF	0.50
DFGP	Dimensional Global Core Plus Fixed Income ETF	0.49
GBAB	Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust	0.49

Most inversely correlated with IGI

Symbol	Company	Correlation
SJB	ProShares Short High Yield	-0.41
TBT	ProShares Trust UltraShort Lehman 20+ Year Treasury	-0.41
TTT	ProShares UltraPro Short 20+ Year Treasury	-0.41
TBX	ProShares Short 7-10 Year Treasury	-0.40
EFZ	ProShares Trust Short MSCI EAFE	-0.40

Frequently asked questions about IGI correlations

Which stocks are most correlated with IGI?: Based on one year of daily returns, the stocks most correlated with Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) are HISF (0.50), DFCF (0.50) and IGCB (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 IGI?: Over the past year, the stocks most inversely correlated with Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) are SJB (-0.41), TBT (-0.41) and TTT (-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 IGI correlations calculated?: We compute the correlation of daily returns between IGI 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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