PGIM Corporate Bond 5-10 Year ETF (PCI) — Stock Correlations & Overview
Over the past year, PCI has moved most closely with INVG, PTRB, PCL. Explore the stocks most correlated and inversely correlated with PCI below, along with its price, financials, and company profile.
Stocks correlated with PCI
Correlation of daily returns. Higher positive values move with PCI; negative values move opposite it. Informational only, not investment advice.
Most correlated with PCI
| Symbol | Company | Correlation |
|---|---|---|
| INVG | GMO Systematic Investment Grade Credit ETF | 0.94 |
| PTRB | PGIM Total Return Bond ETF | 0.94 |
| PCL | PGIM Corporate Bond 10+ Year ETF | 0.94 |
| BBBI | BondBloxx BBB Rated 5-10 Year Corporate Bond ETF | 0.94 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.93 |
Most inversely correlated with PCI
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.88 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.88 |
| TBX | ProShares Short 7-10 Year Treasury | -0.84 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.83 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.82 |
Frequently asked questions about PCI correlations
- Which stocks are most correlated with PCI?
- Based on one year of daily returns, the stocks most correlated with PGIM Corporate Bond 5-10 Year ETF (PCI) are INVG (0.94), PTRB (0.94) and PCL (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 PCI?
- Over the past year, the stocks most inversely correlated with PGIM Corporate Bond 5-10 Year ETF (PCI) are TYO (-0.88), PST (-0.88) and TBX (-0.84). 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 PCI correlations calculated?
- We compute the correlation of daily returns between PCI 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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