Reckoner Yield Enhanced AAA CLO ETF (RAAA) — Stock Correlations & Overview
Over the past year, RAAA has moved most closely with SGOV, SHV, BILZ. Explore the stocks most correlated and inversely correlated with RAAA below, along with its price, financials, and company profile.
Stocks correlated with RAAA
Correlation of daily returns. Higher positive values move with RAAA; negative values move opposite it. Informational only, not investment advice.
Most correlated with RAAA
| Symbol | Company | Correlation |
|---|---|---|
| SGOV | iShares 0-3 Month Treasury Bond ETF | 0.73 |
| SHV | iShares Trust iShares 0-1 Year Treasury Bond ETF | 0.72 |
| BILZ | PIMCO Ultra Short Government Active ETF | 0.72 |
| SGVT | Schwab Government Money Market ETF | 0.71 |
| ICSH | iShares Ultra Short Duration Bond Active ETF | 0.71 |
Most inversely correlated with RAAA
| Symbol | Company | Correlation |
|---|---|---|
| FLYE | Fly-E Group, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.27 |
| GDRX | GoodRx Holdings, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.24 |
| CANF | Can-Fite BioPharma Ltd. American Depositary Shares, each representing two (2) Ordinary Shares | -0.23 |
| MBINM | Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred StockSTATE COMMERCIAL BANKS | -0.22 |
| GOTU | Gaotu Techedu Inc. American Depositary Shares, three of which representing two Class A Ordinary Shares | -0.22 |
Frequently asked questions about RAAA correlations
- Which stocks are most correlated with RAAA?
- Based on one year of daily returns, the stocks most correlated with Reckoner Yield Enhanced AAA CLO ETF (RAAA) are SGOV (0.73), SHV (0.72) and BILZ (0.72). 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 RAAA?
- Over the past year, the stocks most inversely correlated with Reckoner Yield Enhanced AAA CLO ETF (RAAA) are FLYE (-0.27), GDRX (-0.24) and CANF (-0.23). 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 RAAA correlations calculated?
- We compute the correlation of daily returns between RAAA 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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