iShares 1-3 Year Treasury Bond ETF (SHY) — Stock Correlations & Overview
Over the past year, SHY has moved most closely with IBTI, ISTB, SLQD. Explore the stocks most correlated and inversely correlated with SHY below, along with its price, financials, and company profile.
Stocks correlated with SHY
Correlation of daily returns. Higher positive values move with SHY; negative values move opposite it. Informational only, not investment advice.
Most correlated with SHY
| Symbol | Company | Correlation |
|---|---|---|
| IBTI | iShares iBonds Dec 2028 Term Treasury ETF | 0.95 |
| ISTB | iShares Core 1-5 Year USD Bond ETF of iShares Trust | 0.95 |
| SLQD | iShares 0-5 Year Investment Grade Corporate Bond ETF | 0.95 |
| IGSB | iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.94 |
| BSV | Vanguard Short-Term Bond ETF | 0.94 |
Most inversely correlated with SHY
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.69 |
| TBX | ProShares Short 7-10 Year Treasury | -0.66 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.65 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.52 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.51 |
Frequently asked questions about SHY correlations
- Which stocks are most correlated with SHY?
- Based on one year of daily returns, the stocks most correlated with iShares 1-3 Year Treasury Bond ETF (SHY) are IBTI (0.95), ISTB (0.95) and SLQD (0.95). 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 SHY?
- Over the past year, the stocks most inversely correlated with iShares 1-3 Year Treasury Bond ETF (SHY) are PST (-0.69), TBX (-0.66) and TYO (-0.65). 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 SHY correlations calculated?
- We compute the correlation of daily returns between SHY 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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