Simplify Bond Bull ETF (RFIX) — Stock Correlations & Overview
Over the past year, RFIX has moved most closely with GOVZ, IBGL, IBGK. Explore the stocks most correlated and inversely correlated with RFIX below, along with its price, financials, and company profile.
Stocks correlated with RFIX
Correlation of daily returns. Higher positive values move with RFIX; negative values move opposite it. Informational only, not investment advice.
Most correlated with RFIX
| Symbol | Company | Correlation |
|---|---|---|
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | 0.67 |
| IBGL | iShares iBonds Dec 2055 Term Treasury ETF | 0.66 |
| IBGK | iShares iBonds Dec 2054 Term Treasury ETF | 0.66 |
| TFJL | Innovator 20+ Year Treasury Bond 5 Floor ETF - July | 0.65 |
| XTWY | BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 0.65 |
Most inversely correlated with RFIX
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.65 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.65 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.64 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.64 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.54 |
Frequently asked questions about RFIX correlations
- Which stocks are most correlated with RFIX?
- Based on one year of daily returns, the stocks most correlated with Simplify Bond Bull ETF (RFIX) are GOVZ (0.67), IBGL (0.66) and IBGK (0.66). 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 RFIX?
- Over the past year, the stocks most inversely correlated with Simplify Bond Bull ETF (RFIX) are TMV (-0.65), TBT (-0.65) and TTT (-0.64). 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 RFIX correlations calculated?
- We compute the correlation of daily returns between RFIX 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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