State Street Blackstone Senior Loan ETF (SRLN) — Stock Correlations & Overview
Over the past year, SRLN has moved most closely with HYBL, LONZ, SJNK. Explore the stocks most correlated and inversely correlated with SRLN below, along with its price, financials, and company profile.
Stocks correlated with SRLN
Correlation of daily returns. Higher positive values move with SRLN; negative values move opposite it. Informational only, not investment advice.
Most correlated with SRLN
| Symbol | Company | Correlation |
|---|---|---|
| HYBL | State Street Blackstone High Income ETF | 0.79 |
| LONZ | PIMCO Senior Loan Active Exchange-Traded Fund | 0.78 |
| SJNK | State Street SPDR Bloomberg Short Term High Yield Bond ETF | 0.73 |
| JNK | State Street SPDR Bloomberg High Yield Bond ETF | 0.71 |
| SPHY | State Street SPDR Portfolio High Yield Bond ETF | 0.71 |
Most inversely correlated with SRLN
| Symbol | Company | Correlation |
|---|---|---|
| UVXY | ProShares Ultra VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.51 |
| UVIX | 2x Long VIX Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.51 |
| VIXY | ProShares VIX Short-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.51 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.50 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.49 |
Frequently asked questions about SRLN correlations
- Which stocks are most correlated with SRLN?
- Based on one year of daily returns, the stocks most correlated with State Street Blackstone Senior Loan ETF (SRLN) are HYBL (0.79), LONZ (0.78) and SJNK (0.73). 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 SRLN?
- Over the past year, the stocks most inversely correlated with State Street Blackstone Senior Loan ETF (SRLN) are UVXY (-0.51), UVIX (-0.51) and VIXY (-0.51). 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 SRLN correlations calculated?
- We compute the correlation of daily returns between SRLN 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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