iShares International Treasury Bond ETF (IGOV) — Stock Correlations & Overview
Over the past year, IGOV has moved most closely with BWX, ISHG, PICB. Explore the stocks most correlated and inversely correlated with IGOV below, along with its price, financials, and company profile.
Stocks correlated with IGOV
Correlation of daily returns. Higher positive values move with IGOV; negative values move opposite it. Informational only, not investment advice.
Most correlated with IGOV
| Symbol | Company | Correlation |
|---|---|---|
| BWX | State Street SPDR Bloomberg International Treasury Bond ETF | 0.93 |
| ISHG | iShares 1-3 Year International Treasury Bond ETF | 0.93 |
| PICB | Invesco International Corporate Bond ETF | 0.92 |
| IBND | State Street SPDR Bloomberg International Corporate Bond ETF | 0.90 |
| WIP | State Street SPDR FTSE International Government Inflation-Protected Bond ETF | 0.82 |
Most inversely correlated with IGOV
| Symbol | Company | Correlation |
|---|---|---|
| EUO | ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.78 |
| UUP | Invesco DB US Dollar Index Bullish FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.73 |
| EPV | ProShares UltraShort FTSE Europe | -0.71 |
| YCS | ProShares UltraShort YenCOMMODITY CONTRACTS BROKERS & DEALERS | -0.68 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.68 |
Frequently asked questions about IGOV correlations
- Which stocks are most correlated with IGOV?
- Based on one year of daily returns, the stocks most correlated with iShares International Treasury Bond ETF (IGOV) are BWX (0.93), ISHG (0.93) and PICB (0.92). 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 IGOV?
- Over the past year, the stocks most inversely correlated with iShares International Treasury Bond ETF (IGOV) are EUO (-0.78), UUP (-0.73) and EPV (-0.71). 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 IGOV correlations calculated?
- We compute the correlation of daily returns between IGOV 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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