TCW Senior Loan ETF (SLNZ) — Stock Correlations & Overview
Over the past year, SLNZ has moved most closely with LONZ, CLIP, XHLF. Explore the stocks most correlated and inversely correlated with SLNZ below, along with its price, financials, and company profile.
Stocks correlated with SLNZ
Correlation of daily returns. Higher positive values move with SLNZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with SLNZ
| Symbol | Company | Correlation |
|---|---|---|
| LONZ | PIMCO Senior Loan Active Exchange-Traded Fund | 0.39 |
| CLIP | Global X 1-3 Month T-Bill ETF | 0.38 |
| XHLF | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 0.38 |
| ACLO | TCW AAA CLO ETF | 0.35 |
| SRLN | State Street Blackstone Senior Loan ETF | 0.33 |
Most inversely correlated with SLNZ
| Symbol | Company | Correlation |
|---|---|---|
| MBINM | Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred StockSTATE COMMERCIAL BANKS | -0.26 |
| SST | System1, Inc.SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.23 |
| MRNOW | Murano Global Investments PLC Warrants | -0.23 |
| MARPS | Marine Petroleum TrustOIL ROYALTY TRADERS | -0.23 |
| TWOpB | Two Harbors Investment Corp 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.22 |
Frequently asked questions about SLNZ correlations
- Which stocks are most correlated with SLNZ?
- Based on one year of daily returns, the stocks most correlated with TCW Senior Loan ETF (SLNZ) are LONZ (0.39), CLIP (0.38) and XHLF (0.38). 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 SLNZ?
- Over the past year, the stocks most inversely correlated with TCW Senior Loan ETF (SLNZ) are MBINM (-0.26), SST (-0.23) and MRNOW (-0.23). 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 SLNZ correlations calculated?
- We compute the correlation of daily returns between SLNZ 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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