ProShares Short 7-10 Year Treasury (TBX) — Stock Correlations & Overview
Over the past year, TBX has moved most closely with PST, TYO, TBF. Explore the stocks most correlated and inversely correlated with TBX below, along with its price, financials, and company profile.
Stocks correlated with TBX
Correlation of daily returns. Higher positive values move with TBX; negative values move opposite it. Informational only, not investment advice.
Most correlated with TBX
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | 0.97 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | 0.92 |
| TBF | ProShares Short 20+ Year Treasury ETF | 0.87 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | 0.87 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | 0.86 |
Most inversely correlated with TBX
| Symbol | Company | Correlation |
|---|---|---|
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | -0.93 |
| TYD | Direxion Daily 7-10 Year Treasury Bull 3X ETF | -0.92 |
| IBTQ | iShares iBonds Dec 2035 Term Treasury ETF | -0.92 |
| IEF | iShares 7-10 Year Treasury Bond ETF | -0.91 |
| UTEN | US Treasury 10 Year Note ETF | -0.91 |
Frequently asked questions about TBX correlations
- Which stocks are most correlated with TBX?
- Based on one year of daily returns, the stocks most correlated with ProShares Short 7-10 Year Treasury (TBX) are PST (0.97), TYO (0.92) and TBF (0.87). 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 TBX?
- Over the past year, the stocks most inversely correlated with ProShares Short 7-10 Year Treasury (TBX) are TYA (-0.93), TYD (-0.92) and IBTQ (-0.92). 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 TBX correlations calculated?
- We compute the correlation of daily returns between TBX 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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