AAM SLC Low Duration Income ETF (LODI) — Stock Correlations & Overview
Over the past year, LODI has moved most closely with CARY, EVSD, UYLD. Explore the stocks most correlated and inversely correlated with LODI below, along with its price, financials, and company profile.
Stocks correlated with LODI
Correlation of daily returns. Higher positive values move with LODI; negative values move opposite it. Informational only, not investment advice.
Most correlated with LODI
| Symbol | Company | Correlation |
|---|---|---|
| CARY | Angel Oak Income ETF | 0.54 |
| EVSD | Eaton Vance Short Duration Income ETF | 0.53 |
| UYLD | Angel Oak UltraShort Income ETF | 0.51 |
| TRBF | Angel Oak Total Return ETF | 0.50 |
| FCSH | Federated Hermes Short Duration Corporate ETF | 0.50 |
Most inversely correlated with LODI
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.37 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.34 |
| TBX | ProShares Short 7-10 Year Treasury | -0.32 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.32 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.31 |
Frequently asked questions about LODI correlations
- Which stocks are most correlated with LODI?
- Based on one year of daily returns, the stocks most correlated with AAM SLC Low Duration Income ETF (LODI) are CARY (0.54), EVSD (0.53) and UYLD (0.51). 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 LODI?
- Over the past year, the stocks most inversely correlated with AAM SLC Low Duration Income ETF (LODI) are TYO (-0.37), PST (-0.34) and TBX (-0.32). 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 LODI correlations calculated?
- We compute the correlation of daily returns between LODI 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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