iShares U.S. Transportation ETF (IYT) — Stock Correlations & Overview
Over the past year, IYT has moved most closely with TPOR, XTN, SUPL. Explore the stocks most correlated and inversely correlated with IYT below, along with its price, financials, and company profile.
Stocks correlated with IYT
Correlation of daily returns. Higher positive values move with IYT; negative values move opposite it. Informational only, not investment advice.
Most correlated with IYT
| Symbol | Company | Correlation |
|---|---|---|
| TPOR | Direxion Daily Transportation Bull 3X ETF | 1.00 |
| XTN | State Street SPDR S&P Transportation ETF | 0.88 |
| SUPL | ProShares Supply Chain Logistics ETF | 0.88 |
| SHPP | Pacer Industrials and Logistics ETF | 0.84 |
| FTXR | First Trust Nasdaq Transportation ETF | 0.84 |
Most inversely correlated with IYT
| Symbol | Company | Correlation |
|---|---|---|
| SMDD | ProShares UltraPro Short MidCap400 | -0.75 |
| MZZ | ProShares UltraShort MidCap400 | -0.74 |
| MYY | ProShares Short MidCap400 | -0.74 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.74 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.74 |
Frequently asked questions about IYT correlations
- Which stocks are most correlated with IYT?
- Based on one year of daily returns, the stocks most correlated with iShares U.S. Transportation ETF (IYT) are TPOR (1.00), XTN (0.88) and SUPL (0.88). 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 IYT?
- Over the past year, the stocks most inversely correlated with iShares U.S. Transportation ETF (IYT) are SMDD (-0.75), MZZ (-0.74) and MYY (-0.74). 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 IYT correlations calculated?
- We compute the correlation of daily returns between IYT 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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