FlexShares Trust Northern Trust Credit-Scored US Corporate Bond ETF (SKOR) — Stock Correlations & Overview
Over the past year, SKOR has moved most closely with IGIB, SCHI, IGEB. Explore the stocks most correlated and inversely correlated with SKOR below, along with its price, financials, and company profile.
Stocks correlated with SKOR
Correlation of daily returns. Higher positive values move with SKOR; negative values move opposite it. Informational only, not investment advice.
Most correlated with SKOR
| Symbol | Company | Correlation |
|---|---|---|
| IGIB | iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.97 |
| SCHI | Schwab 5-10 Year Corporate Bond ETF | 0.97 |
| IGEB | iShares Investment Grade Systematic Bond ETF | 0.96 |
| IBDW | iShares iBonds Dec 2031 Term Corporate ETF | 0.96 |
| IBDX | iShares iBonds Dec 2032 Term Corporate ETF | 0.96 |
Most inversely correlated with SKOR
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.82 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.81 |
| TBX | ProShares Short 7-10 Year Treasury | -0.79 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.73 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.72 |
Frequently asked questions about SKOR correlations
- Which stocks are most correlated with SKOR?
- Based on one year of daily returns, the stocks most correlated with FlexShares Trust Northern Trust Credit-Scored US Corporate Bond ETF (SKOR) are IGIB (0.97), SCHI (0.97) and IGEB (0.96). 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 SKOR?
- Over the past year, the stocks most inversely correlated with FlexShares Trust Northern Trust Credit-Scored US Corporate Bond ETF (SKOR) are PST (-0.82), TYO (-0.81) and TBX (-0.79). 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 SKOR correlations calculated?
- We compute the correlation of daily returns between SKOR 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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