US Treasury 12 Month Bill ETF (OBIL) — Stock Correlations & Overview
Over the past year, OBIL has moved most closely with XBIL, TBIL, UTWO. Explore the stocks most correlated and inversely correlated with OBIL below, along with its price, financials, and company profile.
Stocks correlated with OBIL
Correlation of daily returns. Higher positive values move with OBIL; negative values move opposite it. Informational only, not investment advice.
Most correlated with OBIL
| Symbol | Company | Correlation |
|---|---|---|
| XBIL | US Treasury 6 Month Bill ETF | 0.92 |
| TBIL | The RBB Fund, Inc. F/m US Treasury 3 Month Bill Fund | 0.90 |
| UTWO | US Treasury 2 Year Note ETF | 0.81 |
| ZTWO | F/m 2-Year Investment Grade Corporate Bond ETF | 0.80 |
| ZTRE | F/m 3-Year Investment Grade Corporate Bond ETF | 0.71 |
Most inversely correlated with OBIL
| Symbol | Company | Correlation |
|---|---|---|
| KNSA | Kiniksa Pharmaceuticals International, plc Class A Ordinary SharesPHARMACEUTICAL PREPARATIONS | -0.25 |
| MMKT | Texas Capital Government Money Market ETF | -0.21 |
| OPK | Opko Health Inc.PHARMACEUTICAL PREPARATIONS | -0.20 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.19 |
| CELU | Celularity Inc. Class A Common StockPHARMACEUTICAL PREPARATIONS | -0.18 |
Frequently asked questions about OBIL correlations
- Which stocks are most correlated with OBIL?
- Based on one year of daily returns, the stocks most correlated with US Treasury 12 Month Bill ETF (OBIL) are XBIL (0.92), TBIL (0.90) and UTWO (0.81). 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 OBIL?
- Over the past year, the stocks most inversely correlated with US Treasury 12 Month Bill ETF (OBIL) are KNSA (-0.25), MMKT (-0.21) and OPK (-0.20). 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 OBIL correlations calculated?
- We compute the correlation of daily returns between OBIL 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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