BondBloxx IR+M Tax Aware Short Duration ETF (TAXX) — Stock Correlations & Overview
Over the past year, TAXX has moved most closely with XONE, SLDR, BBBS. Explore the stocks most correlated and inversely correlated with TAXX below, along with its price, financials, and company profile.
Stocks correlated with TAXX
Correlation of daily returns. Higher positive values move with TAXX; negative values move opposite it. Informational only, not investment advice.
Most correlated with TAXX
| Symbol | Company | Correlation |
|---|---|---|
| XONE | BondBloxx Bloomberg One Year Target Duration US Treasury ETFPRINTING TRADES MACHINERY & EQUIPMENT | 0.69 |
| SLDR | Global X Short-Term Treasury Ladder ETF | 0.68 |
| BBBS | BondBloxx BBB Rated 1-5 Year Corporate Bond ETF | 0.64 |
| XHLF | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 0.63 |
| XTWO | BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 0.63 |
Most inversely correlated with TAXX
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.40 |
| TBX | ProShares Short 7-10 Year Treasury | -0.38 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.36 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.35 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.34 |
Frequently asked questions about TAXX correlations
- Which stocks are most correlated with TAXX?
- Based on one year of daily returns, the stocks most correlated with BondBloxx IR+M Tax Aware Short Duration ETF (TAXX) are XONE (0.69), SLDR (0.68) and BBBS (0.64). 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 TAXX?
- Over the past year, the stocks most inversely correlated with BondBloxx IR+M Tax Aware Short Duration ETF (TAXX) are PST (-0.40), TBX (-0.38) and TBT (-0.36). 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 TAXX correlations calculated?
- We compute the correlation of daily returns between TAXX 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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