Which stocks are most correlated with TBT?

Based on one year of daily returns, the stocks most correlated with ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) are TMV (0.99), TBF (0.98) and TTT (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 TBT?

Over the past year, the stocks most inversely correlated with ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) are TMF (-0.98), TLT (-0.98) and IBGK (-0.98). A negative correlation means the two stocks have tended to move in opposite directions.

ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) — Stock Correlations & Overview

Over the past year, TBT has moved most closely with TMV, TBF, TTT. Explore the stocks most correlated and inversely correlated with TBT below, along with its price, financials, and company profile.

Stocks correlated with TBT

Correlation of daily returns. Higher positive values move with TBT; negative values move opposite it. Informational only, not investment advice.

Most correlated with TBT

Symbol	Company	Correlation
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	0.99
TBF	ProShares Short 20+ Year Treasury ETF	0.98
TTT	ProShares UltraPro Short 20+ Year Treasury	0.96
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	0.89
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	0.88

Most inversely correlated with TBT

Symbol	Company	Correlation
TMF	Direxion Daily 20+ Year Treasury Bull 3X ETF	-0.98
TLT	iShares 20+ Year Treasury Bond ETF	-0.98
IBGK	iShares iBonds Dec 2054 Term Treasury ETF	-0.98
IBGL	iShares iBonds Dec 2055 Term Treasury ETF	-0.98
VGLT	Vanguard Long-Term Treasury ETF	-0.97

Frequently asked questions about TBT correlations

Which stocks are most correlated with TBT?: Based on one year of daily returns, the stocks most correlated with ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) are TMV (0.99), TBF (0.98) and TTT (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 TBT?: Over the past year, the stocks most inversely correlated with ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) are TMF (-0.98), TLT (-0.98) and IBGK (-0.98). 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 TBT correlations calculated?: We compute the correlation of daily returns between TBT 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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