Which stocks are most correlated with RIGS?

Based on one year of daily returns, the stocks most correlated with ALPS Strategic Income Fund (RIGS) are MBSD (0.36), MUSI (0.34) and DEFR (0.30). 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 RIGS?

Over the past year, the stocks most inversely correlated with ALPS Strategic Income Fund (RIGS) are SJB (-0.27), PSQ (-0.25) and QID (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.

ALPS Strategic Income Fund (RIGS) — Stock Correlations & Overview

Over the past year, RIGS has moved most closely with MBSD, MUSI, DEFR. Explore the stocks most correlated and inversely correlated with RIGS below, along with its price, financials, and company profile.

Stocks correlated with RIGS

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

Most correlated with RIGS

Symbol	Company	Correlation
MBSD	Northern Trust Disciplined Duration MBS ETF	0.36
MUSI	American Century Multisector Income ETF	0.34
DEFR	Aptus Deferred Income ETF	0.30
FISR	State Street Fixed Income Sector Rotation ETF	0.29
SMTH	ALPS Smith Core Plus Bond ETF	0.28

Most inversely correlated with RIGS

Symbol	Company	Correlation
SJB	ProShares Short High Yield	-0.27
PSQ	ProShares Short QQQ	-0.25
QID	ProShares UltraShort QQQ	-0.25
SQQQ	ProShares UltraPro Short QQQ	-0.24
TBX	ProShares Short 7-10 Year Treasury	-0.24

Frequently asked questions about RIGS correlations

Which stocks are most correlated with RIGS?: Based on one year of daily returns, the stocks most correlated with ALPS Strategic Income Fund (RIGS) are MBSD (0.36), MUSI (0.34) and DEFR (0.30). 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 RIGS?: Over the past year, the stocks most inversely correlated with ALPS Strategic Income Fund (RIGS) are SJB (-0.27), PSQ (-0.25) and QID (-0.25). 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 RIGS correlations calculated?: We compute the correlation of daily returns between RIGS 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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