iShares Interest Rate Hedged Corporate Bond ETF (LQDH) — Stock Correlations & Overview
Over the past year, LQDH has moved most closely with IGBH, LDRH, HYGW. Explore the stocks most correlated and inversely correlated with LQDH below, along with its price, financials, and company profile.
Stocks correlated with LQDH
Correlation of daily returns. Higher positive values move with LQDH; negative values move opposite it. Informational only, not investment advice.
Most correlated with LQDH
| Symbol | Company | Correlation |
|---|---|---|
| IGBH | iShares Interest Rate Hedged Long-Term Corporate Bond ETF | 0.88 |
| LDRH | iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 0.74 |
| HYGW | iShares High Yield Corporate Bond BuyWrite Strategy ETF | 0.72 |
| HYGH | iShares Interest Rate Hedged High Yield Bond ETF | 0.68 |
| LQDW | iShares Investment Grade Corporate Bond BuyWrite Strategy ETF | 0.65 |
Most inversely correlated with LQDH
| Symbol | Company | Correlation |
|---|---|---|
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.51 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.50 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.50 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.50 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.50 |
Frequently asked questions about LQDH correlations
- Which stocks are most correlated with LQDH?
- Based on one year of daily returns, the stocks most correlated with iShares Interest Rate Hedged Corporate Bond ETF (LQDH) are IGBH (0.88), LDRH (0.74) and HYGW (0.72). 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 LQDH?
- Over the past year, the stocks most inversely correlated with iShares Interest Rate Hedged Corporate Bond ETF (LQDH) are SPDN (-0.51), SPXU (-0.50) and SPXS (-0.50). 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 LQDH correlations calculated?
- We compute the correlation of daily returns between LQDH 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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