VanEck Moody's Analytics IG Corporate Bond ETF (MIG) — Stock Correlations & Overview
Over the past year, MIG has moved most closely with MBBB, BBCB, VTC. Explore the stocks most correlated and inversely correlated with MIG below, along with its price, financials, and company profile.
Stocks correlated with MIG
Correlation of daily returns. Higher positive values move with MIG; negative values move opposite it. Informational only, not investment advice.
Most correlated with MIG
| Symbol | Company | Correlation |
|---|---|---|
| MBBB | VanEck Moody's Analytics BBB Corporate Bond ETF | 0.94 |
| BBCB | JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF | 0.93 |
| VTC | Vanguard Total Corporate Bond ETF | 0.93 |
| SPBO | State Street SPDR Portfolio Corporate Bond ETF | 0.93 |
| EYEG | AB Corporate Bond ETFPHARMACEUTICAL PREPARATIONS | 0.93 |
Most inversely correlated with MIG
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.80 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.79 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.77 |
| TBX | ProShares Short 7-10 Year Treasury | -0.77 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.76 |
Frequently asked questions about MIG correlations
- Which stocks are most correlated with MIG?
- Based on one year of daily returns, the stocks most correlated with VanEck Moody's Analytics IG Corporate Bond ETF (MIG) are MBBB (0.94), BBCB (0.93) and VTC (0.93). 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 MIG?
- Over the past year, the stocks most inversely correlated with VanEck Moody's Analytics IG Corporate Bond ETF (MIG) are PST (-0.80), TYO (-0.79) and TMV (-0.77). 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 MIG correlations calculated?
- We compute the correlation of daily returns between MIG 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.