Harbor Ares Systematic Multi-Sector Income ETF (SIFI) — Stock Correlations & Overview
Over the past year, SIFI has moved most closely with BINC, IGSB, SKOR. Explore the stocks most correlated and inversely correlated with SIFI below, along with its price, financials, and company profile.
Stocks correlated with SIFI
Correlation of daily returns. Higher positive values move with SIFI; negative values move opposite it. Informational only, not investment advice.
Most correlated with SIFI
| Symbol | Company | Correlation |
|---|---|---|
| BINC | iShares Flexible Income Active ETF | 0.83 |
| IGSB | iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.81 |
| SKOR | FlexShares Trust Northern Trust Credit-Scored US Corporate Bond ETF | 0.80 |
| ISTB | iShares Core 1-5 Year USD Bond ETF of iShares Trust | 0.79 |
| IBDW | iShares iBonds Dec 2031 Term Corporate ETF | 0.79 |
Frequently asked questions about SIFI correlations
- Which stocks are most correlated with SIFI?
- Based on one year of daily returns, the stocks most correlated with Harbor Ares Systematic Multi-Sector Income ETF (SIFI) are BINC (0.83), IGSB (0.81) and SKOR (0.80). 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 SIFI?
- Over the past year, the stocks most inversely correlated with Harbor Ares Systematic Multi-Sector Income ETF (SIFI) are PST (-0.62), TYO (-0.62) and TBX (-0.60). 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 SIFI correlations calculated?
- We compute the correlation of daily returns between SIFI 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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