PGIM Active Aggregate Bond ETF (PAB) — Stock Correlations & Overview
Over the past year, PAB has moved most closely with PTRB, PCI, CPAG. Explore the stocks most correlated and inversely correlated with PAB below, along with its price, financials, and company profile.
Stocks correlated with PAB
Correlation of daily returns. Higher positive values move with PAB; negative values move opposite it. Informational only, not investment advice.
Most correlated with PAB
| Symbol | Company | Correlation |
|---|---|---|
| PTRB | PGIM Total Return Bond ETF | 0.94 |
| PCI | PGIM Corporate Bond 5-10 Year ETF | 0.93 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.91 |
| XTEN | BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | 0.91 |
| UTEN | US Treasury 10 Year Note ETF | 0.90 |
Most inversely correlated with PAB
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.88 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.87 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.86 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.86 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.85 |
Frequently asked questions about PAB correlations
- Which stocks are most correlated with PAB?
- Based on one year of daily returns, the stocks most correlated with PGIM Active Aggregate Bond ETF (PAB) are PTRB (0.94), PCI (0.93) and CPAG (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 PAB?
- Over the past year, the stocks most inversely correlated with PGIM Active Aggregate Bond ETF (PAB) are TYO (-0.88), PST (-0.87) and TBT (-0.86). 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 PAB correlations calculated?
- We compute the correlation of daily returns between PAB 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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