Columbia Short Duration Bond ETF (SBND) — Stock Correlations & Overview
Over the past year, SBND has moved most closely with VCSH, IGSB, MYCJ. Explore the stocks most correlated and inversely correlated with SBND below, along with its price, financials, and company profile.
Stocks correlated with SBND
Correlation of daily returns. Higher positive values move with SBND; negative values move opposite it. Informational only, not investment advice.
Most correlated with SBND
| Symbol | Company | Correlation |
|---|---|---|
| VCSH | Vanguard Short-Term Corporate Bond ETF | 0.82 |
| IGSB | iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.81 |
| MYCJ | SSGA Active Trust State Street My2030 Corporate Bond ETF | 0.81 |
| SPIB | State Street SPDR Portfolio Intermediate Term Corporate Bond ETF | 0.81 |
| MYCK | SSGA Active Trust State Street My2031 Corporate Bond ETF | 0.81 |
Most inversely correlated with SBND
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.62 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.60 |
| TBX | ProShares Short 7-10 Year Treasury | -0.59 |
| SJB | ProShares Short High Yield | -0.55 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.51 |
Frequently asked questions about SBND correlations
- Which stocks are most correlated with SBND?
- Based on one year of daily returns, the stocks most correlated with Columbia Short Duration Bond ETF (SBND) are VCSH (0.82), IGSB (0.81) and MYCJ (0.81). 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 SBND?
- Over the past year, the stocks most inversely correlated with Columbia Short Duration Bond ETF (SBND) are PST (-0.62), TYO (-0.60) and TBX (-0.59). 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 SBND correlations calculated?
- We compute the correlation of daily returns between SBND 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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