MFS Active Core Plus Bond ETF (MFSB) — Stock Correlations & Overview
Over the past year, MFSB has moved most closely with INVG, EVTR, CGCB. Explore the stocks most correlated and inversely correlated with MFSB below, along with its price, financials, and company profile.
Stocks correlated with MFSB
Correlation of daily returns. Higher positive values move with MFSB; negative values move opposite it. Informational only, not investment advice.
Most correlated with MFSB
| Symbol | Company | Correlation |
|---|---|---|
| INVG | GMO Systematic Investment Grade Credit ETF | 0.94 |
| EVTR | Eaton Vance Total Return Bond ETF | 0.93 |
| CGCB | Capital Group Core Bond ETF | 0.91 |
| CGCP | Capital Group Core Plus Income ETF | 0.91 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.91 |
Most inversely correlated with MFSB
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.86 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.86 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.86 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.85 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.85 |
Frequently asked questions about MFSB correlations
- Which stocks are most correlated with MFSB?
- Based on one year of daily returns, the stocks most correlated with MFS Active Core Plus Bond ETF (MFSB) are INVG (0.94), EVTR (0.93) and CGCB (0.91). 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 MFSB?
- Over the past year, the stocks most inversely correlated with MFS Active Core Plus Bond ETF (MFSB) are TYO (-0.86), TMV (-0.86) and TBT (-0.86). 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 MFSB correlations calculated?
- We compute the correlation of daily returns between MFSB 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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