Pacer Trendpilot US Bond ETF (PTBD) — Stock Correlations & Overview
Over the past year, PTBD has moved most closely with MILK, UJB, CPHY. Explore the stocks most correlated and inversely correlated with PTBD below, along with its price, financials, and company profile.
Stocks correlated with PTBD
Correlation of daily returns. Higher positive values move with PTBD; negative values move opposite it. Informational only, not investment advice.
Most correlated with PTBD
| Symbol | Company | Correlation |
|---|---|---|
| MILK | Pacer US Cash Cows Bond ETF | 0.74 |
| UJB | ProShares Ultra High Yield | 0.68 |
| CPHY | F/m Compoundr High Yield Bond ETF | 0.68 |
| EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | 0.67 |
| HISF | First Trust Exchange-Traded Fund IV First Trust High Income Strategic Focus ETF | 0.67 |
Frequently asked questions about PTBD correlations
- Which stocks are most correlated with PTBD?
- Based on one year of daily returns, the stocks most correlated with Pacer Trendpilot US Bond ETF (PTBD) are MILK (0.74), UJB (0.68) and CPHY (0.68). 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 PTBD?
- Over the past year, the stocks most inversely correlated with Pacer Trendpilot US Bond ETF (PTBD) are SJB (-0.62), EFZ (-0.57) and EFU (-0.56). 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 PTBD correlations calculated?
- We compute the correlation of daily returns between PTBD 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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