OneAscent Core Plus Bond ETF (OACP) — Stock Correlations & Overview
Over the past year, OACP has moved most closely with FBND, HTRB, TPLS. Explore the stocks most correlated and inversely correlated with OACP below, along with its price, financials, and company profile.
Stocks correlated with OACP
Correlation of daily returns. Higher positive values move with OACP; negative values move opposite it. Informational only, not investment advice.
Most correlated with OACP
| Symbol | Company | Correlation |
|---|---|---|
| FBND | Fidelity Total Bond ETF | 0.94 |
| HTRB | Hartford Total Return Bond ETF | 0.92 |
| TPLS | Thornburg Core Plus Bond ETF | 0.91 |
| HCRB | Hartford Core Bond ETF | 0.91 |
| DYNB | Hartford Dynamic Bond ETF | 0.91 |
Most inversely correlated with OACP
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.86 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.84 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.82 |
| TBX | ProShares Short 7-10 Year Treasury | -0.81 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.81 |
Frequently asked questions about OACP correlations
- Which stocks are most correlated with OACP?
- Based on one year of daily returns, the stocks most correlated with OneAscent Core Plus Bond ETF (OACP) are FBND (0.94), HTRB (0.92) and TPLS (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 OACP?
- Over the past year, the stocks most inversely correlated with OneAscent Core Plus Bond ETF (OACP) are TYO (-0.86), PST (-0.84) and TMV (-0.82). 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 OACP correlations calculated?
- We compute the correlation of daily returns between OACP 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.