Janus Henderson Corporate Bond ETF (JLQD) — Stock Correlations & Overview
Over the past year, JLQD has moved most closely with PCI, PCL, LKOR. Explore the stocks most correlated and inversely correlated with JLQD below, along with its price, financials, and company profile.
Stocks correlated with JLQD
Correlation of daily returns. Higher positive values move with JLQD; negative values move opposite it. Informational only, not investment advice.
Most correlated with JLQD
| Symbol | Company | Correlation |
|---|---|---|
| PCI | PGIM Corporate Bond 5-10 Year ETF | 0.90 |
| PCL | PGIM Corporate Bond 10+ Year ETF | 0.89 |
| LKOR | Northern Trust Credit-Scored US Long Corporate Bond ETF | 0.88 |
| VTC | Vanguard Total Corporate Bond ETF | 0.88 |
| FLCO | Franklin Investment Grade Corporate ETF | 0.88 |
Most inversely correlated with JLQD
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.78 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.77 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.77 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.76 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.75 |
Frequently asked questions about JLQD correlations
- Which stocks are most correlated with JLQD?
- Based on one year of daily returns, the stocks most correlated with Janus Henderson Corporate Bond ETF (JLQD) are PCI (0.90), PCL (0.89) and LKOR (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 JLQD?
- Over the past year, the stocks most inversely correlated with Janus Henderson Corporate Bond ETF (JLQD) are TMV (-0.78), TBT (-0.77) and TYO (-0.77). 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 JLQD correlations calculated?
- We compute the correlation of daily returns between JLQD 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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