Which stocks are most correlated with PRSD?

Based on one year of daily returns, the stocks most correlated with State Street Short Duration IG Public & Private Credit ETF (PRSD) are VGSH (0.82), BSV (0.82) and SPSB (0.80). 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 PRSD?

Over the past year, the stocks most inversely correlated with State Street Short Duration IG Public & Private Credit ETF (PRSD) are PST (-0.56), TBX (-0.55) and TYO (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.

State Street Short Duration IG Public & Private Credit ETF (PRSD) — Stock Correlations & Overview

Over the past year, PRSD has moved most closely with VGSH, BSV, SPSB. Explore the stocks most correlated and inversely correlated with PRSD below, along with its price, financials, and company profile.

Stocks correlated with PRSD

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

Most correlated with PRSD

Symbol	Company	Correlation
VGSH	Vanguard Short-Term Treasury ETF	0.82
BSV	Vanguard Short-Term Bond ETF	0.82
SPSB	State Street SPDR Portfolio Short Term Corporate Bond ETF	0.80
SPTS	State Street SPDR Portfolio Short Term Treasury ETF	0.80
VCSH	Vanguard Short-Term Corporate Bond ETF	0.80

Most inversely correlated with PRSD

Symbol	Company	Correlation
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.56
TBX	ProShares Short 7-10 Year Treasury	-0.55
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.54
TBT	ProShares Trust UltraShort Lehman 20+ Year Treasury	-0.47
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	-0.46

Frequently asked questions about PRSD correlations

Which stocks are most correlated with PRSD?: Based on one year of daily returns, the stocks most correlated with State Street Short Duration IG Public & Private Credit ETF (PRSD) are VGSH (0.82), BSV (0.82) and SPSB (0.80). 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 PRSD?: Over the past year, the stocks most inversely correlated with State Street Short Duration IG Public & Private Credit ETF (PRSD) are PST (-0.56), TBX (-0.55) and TYO (-0.54). 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 PRSD correlations calculated?: We compute the correlation of daily returns between PRSD 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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