Schwab Ultra-Short Income ETF (SCUS) — Stock Correlations & Overview
Over the past year, SCUS has moved most closely with SHV, ICSH, SGVT. Explore the stocks most correlated and inversely correlated with SCUS below, along with its price, financials, and company profile.
Stocks correlated with SCUS
Correlation of daily returns. Higher positive values move with SCUS; negative values move opposite it. Informational only, not investment advice.
Most correlated with SCUS
| Symbol | Company | Correlation |
|---|---|---|
| SHV | iShares Trust iShares 0-1 Year Treasury Bond ETF | 0.85 |
| ICSH | iShares Ultra Short Duration Bond Active ETF | 0.85 |
| SGVT | Schwab Government Money Market ETF | 0.84 |
| RAVI | Northern Trust Ultra-Short Fixed Income ETF | 0.84 |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 0.83 |
Most inversely correlated with SCUS
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.30 |
| TBX | ProShares Short 7-10 Year Treasury | -0.28 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.25 |
| FLYE | Fly-E Group, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.25 |
| HYFM | Hydrofarm Holdings Group, Inc. Common StockWHOLESALE-MISCELLANEOUS NONDURABLE GOODS | -0.24 |
Frequently asked questions about SCUS correlations
- Which stocks are most correlated with SCUS?
- Based on one year of daily returns, the stocks most correlated with Schwab Ultra-Short Income ETF (SCUS) are SHV (0.85), ICSH (0.85) and SGVT (0.84). 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 SCUS?
- Over the past year, the stocks most inversely correlated with Schwab Ultra-Short Income ETF (SCUS) are PST (-0.30), TBX (-0.28) and TYO (-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 SCUS correlations calculated?
- We compute the correlation of daily returns between SCUS 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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