Which stocks are most correlated with OBND?

Based on one year of daily returns, the stocks most correlated with State Street Loomis Sayles Opportunistic Bond ETF (OBND) are SPIB (0.89), VCIT (0.89) and VGMS (0.89). 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 OBND?

Over the past year, the stocks most inversely correlated with State Street Loomis Sayles Opportunistic Bond ETF (OBND) are PST (-0.72), TYO (-0.71) and TBX (-0.68). A negative correlation means the two stocks have tended to move in opposite directions.

State Street Loomis Sayles Opportunistic Bond ETF (OBND) — Stock Correlations & Overview

Over the past year, OBND has moved most closely with SPIB, VCIT, VGMS. Explore the stocks most correlated and inversely correlated with OBND below, along with its price, financials, and company profile.

Stocks correlated with OBND

Correlation of daily returns. Higher positive values move with OBND; negative values move opposite it. Informational only, not investment advice.

Most correlated with OBND

Symbol	Company	Correlation
SPIB	State Street SPDR Portfolio Intermediate Term Corporate Bond ETF	0.89
VCIT	Vanguard Intermediate-Term Corporate Bond ETF	0.89
VGMS	Vanguard Multi-Sector Income Bond ETF	0.89
NCPB	Nuveen Core Plus Bond ETF	0.89
MYCM	SSGA Active Trust State Street My2033 Corporate Bond ETF	0.89

Most inversely correlated with OBND

Symbol	Company	Correlation
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.72
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.71
TBX	ProShares Short 7-10 Year Treasury	-0.68
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	-0.65
TBT	ProShares Trust UltraShort Lehman 20+ Year Treasury	-0.64

Frequently asked questions about OBND correlations

Which stocks are most correlated with OBND?: Based on one year of daily returns, the stocks most correlated with State Street Loomis Sayles Opportunistic Bond ETF (OBND) are SPIB (0.89), VCIT (0.89) and VGMS (0.89). 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 OBND?: Over the past year, the stocks most inversely correlated with State Street Loomis Sayles Opportunistic Bond ETF (OBND) are PST (-0.72), TYO (-0.71) and TBX (-0.68). 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 OBND correlations calculated?: We compute the correlation of daily returns between OBND 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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