iShares Short Duration Bond Active ETF (NEAR) — Stock Correlations & Overview
Over the past year, NEAR has moved most closely with SLQD, ISTB, IGSB. Explore the stocks most correlated and inversely correlated with NEAR below, along with its price, financials, and company profile.
Stocks correlated with NEAR
Correlation of daily returns. Higher positive values move with NEAR; negative values move opposite it. Informational only, not investment advice.
Most correlated with NEAR
| Symbol | Company | Correlation |
|---|---|---|
| SLQD | iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.95 |
| ISTB | iShares Core 1-5 Year USD Bond ETF of iShares Trust | 0.94 |
| IGSB | iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.94 |
| SHY | iShares 1-3 Year Treasury Bond ETF | 0.93 |
| SCHJ | Schwab 1-5 Year Corporate Bond ETF | 0.93 |
Most inversely correlated with NEAR
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.64 |
| TBX | ProShares Short 7-10 Year Treasury | -0.63 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.61 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.50 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.49 |
Frequently asked questions about NEAR correlations
- Which stocks are most correlated with NEAR?
- Based on one year of daily returns, the stocks most correlated with iShares Short Duration Bond Active ETF (NEAR) are SLQD (0.95), ISTB (0.94) and IGSB (0.94). 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 NEAR?
- Over the past year, the stocks most inversely correlated with iShares Short Duration Bond Active ETF (NEAR) are PST (-0.64), TBX (-0.63) and TYO (-0.61). 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 NEAR correlations calculated?
- We compute the correlation of daily returns between NEAR 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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