iShares Systematic Bond ETF (SYSB) — Stock Correlations & Overview
Over the past year, SYSB has moved most closely with IUSB, AGG, EAGG. Explore the stocks most correlated and inversely correlated with SYSB below, along with its price, financials, and company profile.
Stocks correlated with SYSB
Correlation of daily returns. Higher positive values move with SYSB; negative values move opposite it. Informational only, not investment advice.
Most correlated with SYSB
| Symbol | Company | Correlation |
|---|---|---|
| IUSB | iShares Trust iShares Core Universal USD Bond ETF | 0.96 |
| AGG | iShares Core U.S. Aggregate Bond ETF | 0.96 |
| EAGG | iShares ESG Aware U.S. Aggregate Bond ETF | 0.96 |
| IGIB | iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.95 |
| EUSB | iShares ESG Advanced Universal USD Bond ETF | 0.95 |
Most inversely correlated with SYSB
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.88 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.85 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.84 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.83 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.82 |
Frequently asked questions about SYSB correlations
- Which stocks are most correlated with SYSB?
- Based on one year of daily returns, the stocks most correlated with iShares Systematic Bond ETF (SYSB) are IUSB (0.96), AGG (0.96) and EAGG (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 SYSB?
- Over the past year, the stocks most inversely correlated with iShares Systematic Bond ETF (SYSB) are PST (-0.88), TMV (-0.85) and TBT (-0.84). 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 SYSB correlations calculated?
- We compute the correlation of daily returns between SYSB 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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