Schwab 1-5 Year Corporate Bond ETF (SCHJ) — Stock Correlations & Overview
Over the past year, SCHJ has moved most closely with IGSB, SLQD, ISTB. Explore the stocks most correlated and inversely correlated with SCHJ below, along with its price, financials, and company profile.
Stocks correlated with SCHJ
Correlation of daily returns. Higher positive values move with SCHJ; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCHJ
| Symbol | Company | Correlation |
|---|---|---|
| IGSB | iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.97 |
| SLQD | iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.97 |
| ISTB | iShares Core 1-5 Year USD Bond ETF of iShares Trust | 0.96 |
| SUSB | iShares Trust iShares ESG Aware 1-5 Year USD Corporate Bond ETF | 0.96 |
| IBDU | iShares iBonds Dec 2029 Term Corporate ETF | 0.95 |
Most inversely correlated with SCHJ
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.72 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.71 |
| TBX | ProShares Short 7-10 Year Treasury | -0.69 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.58 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.56 |
Frequently asked questions about SCHJ correlations
- Which stocks are most correlated with SCHJ?
- Based on one year of daily returns, the stocks most correlated with Schwab 1-5 Year Corporate Bond ETF (SCHJ) are IGSB (0.97), SLQD (0.97) and ISTB (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 SCHJ?
- Over the past year, the stocks most inversely correlated with Schwab 1-5 Year Corporate Bond ETF (SCHJ) are PST (-0.72), TYO (-0.71) and TBX (-0.69). 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 SCHJ correlations calculated?
- We compute the correlation of daily returns between SCHJ 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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