Brookmont Catastrophic Bond ETF (ILS) — Stock Correlations & Overview
Over the past year, ILS has moved most closely with PSQO, PSQA, SJB. Explore the stocks most correlated and inversely correlated with ILS below, along with its price, financials, and company profile.
Stocks correlated with ILS
Correlation of daily returns. Higher positive values move with ILS; negative values move opposite it. Informational only, not investment advice.
Most correlated with ILS
| Symbol | Company | Correlation |
|---|---|---|
| PSQO | Palmer Square Credit Opportunities ETF | 0.63 |
| PSQA | Palmer Square CLO Senior Debt ETF | 0.44 |
| SJB | ProShares Short High Yield | 0.37 |
| TBX | ProShares Short 7-10 Year Treasury | 0.37 |
| QBUL | TrueShares Quarterly Bull Hedge ETF | 0.34 |
Most inversely correlated with ILS
| Symbol | Company | Correlation |
|---|---|---|
| QURE | uniQure N.V.PHARMACEUTICAL PREPARATIONS | -0.35 |
| SHFS | SHF Holdings, Inc. Class A Common StockFINANCE SERVICES | -0.31 |
| LAC | Lithium Americas Corp.METAL MINING | -0.30 |
| MSpQ | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 6.625% Non-Cumulative Preferred Stock, Series QSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | -0.27 |
| CLPT | ClearPoint Neuro, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.27 |
Frequently asked questions about ILS correlations
- Which stocks are most correlated with ILS?
- Based on one year of daily returns, the stocks most correlated with Brookmont Catastrophic Bond ETF (ILS) are PSQO (0.63), PSQA (0.44) and SJB (0.37). 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 ILS?
- Over the past year, the stocks most inversely correlated with Brookmont Catastrophic Bond ETF (ILS) are QURE (-0.35), SHFS (-0.31) and LAC (-0.30). 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 ILS correlations calculated?
- We compute the correlation of daily returns between ILS 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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