ProShares Short 20+ Year Treasury ETF (TBF) — Stock Correlations & Overview
Over the past year, TBF has moved most closely with TMV, TBT, TTT. Explore the stocks most correlated and inversely correlated with TBF below, along with its price, financials, and company profile.
Stocks correlated with TBF
Correlation of daily returns. Higher positive values move with TBF; negative values move opposite it. Informational only, not investment advice.
Most correlated with TBF
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | 0.98 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | 0.98 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | 0.97 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | 0.89 |
| TBX | ProShares Short 7-10 Year Treasury | 0.87 |
Most inversely correlated with TBF
| Symbol | Company | Correlation |
|---|---|---|
| TMF | Direxion Daily 20+ Year Treasury Bull 3X ETF | -0.97 |
| TLT | iShares 20+ Year Treasury Bond ETF | -0.97 |
| IBGK | iShares iBonds Dec 2054 Term Treasury ETF | -0.97 |
| IBGL | iShares iBonds Dec 2055 Term Treasury ETF | -0.97 |
| BBLB | JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | -0.97 |
Frequently asked questions about TBF correlations
- Which stocks are most correlated with TBF?
- Based on one year of daily returns, the stocks most correlated with ProShares Short 20+ Year Treasury ETF (TBF) are TMV (0.98), TBT (0.98) and TTT (0.97). 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 TBF?
- Over the past year, the stocks most inversely correlated with ProShares Short 20+ Year Treasury ETF (TBF) are TMF (-0.97), TLT (-0.97) and IBGK (-0.97). 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 TBF correlations calculated?
- We compute the correlation of daily returns between TBF 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.