WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) — Stock Correlations & Overview
Over the past year, SHAG has moved most closely with USSH, QSIG, UNIY. Explore the stocks most correlated and inversely correlated with SHAG below, along with its price, financials, and company profile.
Stocks correlated with SHAG
Correlation of daily returns. Higher positive values move with SHAG; negative values move opposite it. Informational only, not investment advice.
Most correlated with SHAG
| Symbol | Company | Correlation |
|---|---|---|
| USSH | WisdomTree 1-3 Year Laddered Treasury Fund | 0.92 |
| QSIG | WisdomTree U.S. Short Term Corporate Bond Fund | 0.91 |
| UNIY | WisdomTree Voya Yield Enhanced USD Universal Bond Fund | 0.86 |
| USIN | WisdomTree 7-10 Year Laddered Treasury Fund | 0.85 |
| TOTR | T. Rowe Price Total Return ETF | 0.84 |
Most inversely correlated with SHAG
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.73 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.71 |
| TBX | ProShares Short 7-10 Year Treasury | -0.70 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.58 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.58 |
Frequently asked questions about SHAG correlations
- Which stocks are most correlated with SHAG?
- Based on one year of daily returns, the stocks most correlated with WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) are USSH (0.92), QSIG (0.91) and UNIY (0.86). 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 SHAG?
- Over the past year, the stocks most inversely correlated with WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) are PST (-0.73), TYO (-0.71) and TBX (-0.70). 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 SHAG correlations calculated?
- We compute the correlation of daily returns between SHAG 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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