Schwab Core Bond ETF (SCCR) — Stock Correlations & Overview
Over the past year, SCCR has moved most closely with AGG, IUSB, SCHZ. Explore the stocks most correlated and inversely correlated with SCCR below, along with its price, financials, and company profile.
Stocks correlated with SCCR
Correlation of daily returns. Higher positive values move with SCCR; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCCR
| Symbol | Company | Correlation |
|---|---|---|
| AGG | iShares Core U.S. Aggregate Bond ETF | 0.96 |
| IUSB | iShares Trust iShares Core Universal USD Bond ETF | 0.96 |
| SCHZ | Schwab US Aggregate Bond ETF | 0.96 |
| EAGG | iShares ESG Aware U.S. Aggregate Bond ETF | 0.96 |
| BND | Vanguard Total Bond Market | 0.96 |
Most inversely correlated with SCCR
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.88 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.88 |
| TBX | ProShares Short 7-10 Year Treasury | -0.84 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.84 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.83 |
Frequently asked questions about SCCR correlations
- Which stocks are most correlated with SCCR?
- Based on one year of daily returns, the stocks most correlated with Schwab Core Bond ETF (SCCR) are AGG (0.96), IUSB (0.96) and SCHZ (0.96). 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 SCCR?
- Over the past year, the stocks most inversely correlated with Schwab Core Bond ETF (SCCR) are TYO (-0.88), PST (-0.88) and TBX (-0.84). 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 SCCR correlations calculated?
- We compute the correlation of daily returns between SCCR 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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