Kingsbarn Tactical Bond ETF (KDRN) — Stock Correlations & Overview
Over the past year, KDRN has moved most closely with UST, AFIX, TYD. Explore the stocks most correlated and inversely correlated with KDRN below, along with its price, financials, and company profile.
Stocks correlated with KDRN
Correlation of daily returns. Higher positive values move with KDRN; negative values move opposite it. Informational only, not investment advice.
Most correlated with KDRN
| Symbol | Company | Correlation |
|---|---|---|
| UST | ProShares Ultra 7-10 Year Treasury | 0.74 |
| AFIX | Allspring Broad Market Core Bond ETF | 0.69 |
| TYD | Direxion Daily 7-10 Year Treasury Bull 3X ETF | 0.67 |
| IBTO | iShares iBonds Dec 2033 Term Treasury ETF | 0.66 |
| IBTP | iShares iBonds Dec 2034 Term Treasury ETF | 0.66 |
Most inversely correlated with KDRN
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.63 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.61 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.57 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.57 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.52 |
Frequently asked questions about KDRN correlations
- Which stocks are most correlated with KDRN?
- Based on one year of daily returns, the stocks most correlated with Kingsbarn Tactical Bond ETF (KDRN) are UST (0.74), AFIX (0.69) and TYD (0.67). 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 KDRN?
- Over the past year, the stocks most inversely correlated with Kingsbarn Tactical Bond ETF (KDRN) are TYO (-0.63), TMV (-0.61) and PST (-0.57). 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 KDRN correlations calculated?
- We compute the correlation of daily returns between KDRN 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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