BondBloxx Private Credit CLO ETF (PCMM) — Stock Correlations & Overview
Over the past year, PCMM has moved most closely with CLIP, XHLF, EMNT. Explore the stocks most correlated and inversely correlated with PCMM below, along with its price, financials, and company profile.
Stocks correlated with PCMM
Correlation of daily returns. Higher positive values move with PCMM; negative values move opposite it. Informational only, not investment advice.
Most correlated with PCMM
| Symbol | Company | Correlation |
|---|---|---|
| CLIP | Global X 1-3 Month T-Bill ETF | 0.43 |
| XHLF | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 0.43 |
| EMNT | PIMCO Enhanced Short Maturity Active ESG ETF | 0.42 |
| TFLO | iShares Treasury Floating Rate Bond ETF | 0.42 |
| FLRN | State Street SPDR Bloomberg Investment Grade Floating Rate ETF | 0.42 |
Most inversely correlated with PCMM
| Symbol | Company | Correlation |
|---|---|---|
| FLYE | Fly-E Group, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.29 |
| EONR | EON Resources Inc.CRUDE PETROLEUM & NATURAL GAS | -0.25 |
| TPET | Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS | -0.24 |
| NIVF | NewGenIvf Group Limited Class A ordinary shares | -0.22 |
| GSIW | Garden Stage Limited Class A Ordinary Shares | -0.21 |
Frequently asked questions about PCMM correlations
- Which stocks are most correlated with PCMM?
- Based on one year of daily returns, the stocks most correlated with BondBloxx Private Credit CLO ETF (PCMM) are CLIP (0.43), XHLF (0.43) and EMNT (0.42). 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 PCMM?
- Over the past year, the stocks most inversely correlated with BondBloxx Private Credit CLO ETF (PCMM) are FLYE (-0.29), EONR (-0.25) and TPET (-0.24). 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 PCMM correlations calculated?
- We compute the correlation of daily returns between PCMM 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.