Neuberger Total Return Bond ETF (NBTR) — Stock Correlations & Overview
Over the past year, NBTR has moved most closely with QIG, AGGY, UNIY. Explore the stocks most correlated and inversely correlated with NBTR below, along with its price, financials, and company profile.
Stocks correlated with NBTR
Correlation of daily returns. Higher positive values move with NBTR; negative values move opposite it. Informational only, not investment advice.
Most correlated with NBTR
| Symbol | Company | Correlation |
|---|---|---|
| QIG | WisdomTree U.S. Corporate Bond Fund | 0.93 |
| AGGY | WisdomTree Yield Enhanced U.S. Aggregate Bond Fund | 0.93 |
| UNIY | WisdomTree Voya Yield Enhanced USD Universal Bond Fund | 0.93 |
| TOTR | T. Rowe Price Total Return ETF | 0.91 |
| USIN | WisdomTree 7-10 Year Laddered Treasury Fund | 0.89 |
Most inversely correlated with NBTR
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.81 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.81 |
| TBX | ProShares Short 7-10 Year Treasury | -0.78 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.78 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.77 |
Frequently asked questions about NBTR correlations
- Which stocks are most correlated with NBTR?
- Based on one year of daily returns, the stocks most correlated with Neuberger Total Return Bond ETF (NBTR) are QIG (0.93), AGGY (0.93) and UNIY (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 NBTR?
- Over the past year, the stocks most inversely correlated with Neuberger Total Return Bond ETF (NBTR) are TYO (-0.81), PST (-0.81) and TBX (-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 NBTR correlations calculated?
- We compute the correlation of daily returns between NBTR 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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