AB Short Duration Income ETF (SDFI) — Stock Correlations & Overview
Over the past year, SDFI has moved most closely with JSCP, BBSB, BSV. Explore the stocks most correlated and inversely correlated with SDFI below, along with its price, financials, and company profile.
Stocks correlated with SDFI
Correlation of daily returns. Higher positive values move with SDFI; negative values move opposite it. Informational only, not investment advice.
Most correlated with SDFI
| Symbol | Company | Correlation |
|---|---|---|
| JSCP | JPMorgan Short Duration Core Plus ETF | 0.93 |
| BBSB | JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ETF | 0.92 |
| BSV | Vanguard Short-Term Bond ETF | 0.91 |
| VCSH | Vanguard Short-Term Corporate Bond ETF | 0.91 |
| IGSB | iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.91 |
Most inversely correlated with SDFI
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.70 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.68 |
| TBX | ProShares Short 7-10 Year Treasury | -0.68 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.55 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.54 |
Frequently asked questions about SDFI correlations
- Which stocks are most correlated with SDFI?
- Based on one year of daily returns, the stocks most correlated with AB Short Duration Income ETF (SDFI) are JSCP (0.93), BBSB (0.92) and BSV (0.91). 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 SDFI?
- Over the past year, the stocks most inversely correlated with AB Short Duration Income ETF (SDFI) are PST (-0.70), TYO (-0.68) and TBX (-0.68). 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 SDFI correlations calculated?
- We compute the correlation of daily returns between SDFI 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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