Which stocks are most correlated with IHY?

Based on one year of daily returns, the stocks most correlated with VanEck International High Yield Bond ETF (IHY) are EMBX (0.83), EMLC (0.81) and EBND (0.80). 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 IHY?

Over the past year, the stocks most inversely correlated with VanEck International High Yield Bond ETF (IHY) are EPV (-0.72), EFZ (-0.72) and EFU (-0.70). A negative correlation means the two stocks have tended to move in opposite directions.

VanEck International High Yield Bond ETF (IHY) — Stock Correlations & Overview

Over the past year, IHY has moved most closely with EMBX, EMLC, EBND. Explore the stocks most correlated and inversely correlated with IHY below, along with its price, financials, and company profile.

Stocks correlated with IHY

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

Most correlated with IHY

Symbol	Company	Correlation
EMBX	VanEck Emerging Markets Bond ETF	0.83
EMLC	VanEck J. P. Morgan EM Local Currency Bond ETF	0.81
EBND	State Street SPDR Bloomberg Emerging Markets Local Bond ETF	0.80
IBND	State Street SPDR Bloomberg International Corporate Bond ETF	0.79
PICB	Invesco International Corporate Bond ETF	0.78

Most inversely correlated with IHY

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.72
EFZ	ProShares Trust Short MSCI EAFE	-0.72
EFU	ProShares Trust UltraShort MSCI EAFE	-0.70
EUO	ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS	-0.69
EWV	ProShares Trust UltraShort MSCI Japan	-0.60

Frequently asked questions about IHY correlations

Which stocks are most correlated with IHY?: Based on one year of daily returns, the stocks most correlated with VanEck International High Yield Bond ETF (IHY) are EMBX (0.83), EMLC (0.81) and EBND (0.80). 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 IHY?: Over the past year, the stocks most inversely correlated with VanEck International High Yield Bond ETF (IHY) are EPV (-0.72), EFZ (-0.72) and EFU (-0.70). 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 IHY correlations calculated?: We compute the correlation of daily returns between IHY 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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