VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) — Stock Correlations & Overview
Over the past year, MBBB has moved most closely with MYCN, VTC, MYCM. Explore the stocks most correlated and inversely correlated with MBBB below, along with its price, financials, and company profile.
Stocks correlated with MBBB
Correlation of daily returns. Higher positive values move with MBBB; negative values move opposite it. Informational only, not investment advice.
Most correlated with MBBB
| Symbol | Company | Correlation |
|---|---|---|
| MYCN | SSGA Active Trust State Street My2034 Corporate Bond ETF | 0.95 |
| VTC | Vanguard Total Corporate Bond ETF | 0.95 |
| MYCM | SSGA Active Trust State Street My2033 Corporate Bond ETF | 0.95 |
| SPBO | State Street SPDR Portfolio Corporate Bond ETF | 0.95 |
| MYCO | SSGA Active Trust State Street My2035 Corporate Bond ETF | 0.94 |
Most inversely correlated with MBBB
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.81 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.80 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.78 |
| TBX | ProShares Short 7-10 Year Treasury | -0.78 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.77 |
Frequently asked questions about MBBB correlations
- Which stocks are most correlated with MBBB?
- Based on one year of daily returns, the stocks most correlated with VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) are MYCN (0.95), VTC (0.95) and MYCM (0.95). 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 MBBB?
- Over the past year, the stocks most inversely correlated with VanEck Moody's Analytics BBB Corporate Bond ETF (MBBB) are TYO (-0.81), PST (-0.80) and TMV (-0.78). 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 MBBB correlations calculated?
- We compute the correlation of daily returns between MBBB 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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