Northern Trust iBoxx 5-Year Target Duration TIPS ETF (TDTF) — Stock Correlations & Overview
Over the past year, TDTF has moved most closely with TIPB, TIPX, TIP. Explore the stocks most correlated and inversely correlated with TDTF below, along with its price, financials, and company profile.
Stocks correlated with TDTF
Correlation of daily returns. Higher positive values move with TDTF; negative values move opposite it. Informational only, not investment advice.
Most correlated with TDTF
| Symbol | Company | Correlation |
|---|---|---|
| TIPB | Northern Trust 2035 Inflation-Linked Distributing Ladder ETF | 0.96 |
| TIPX | State Street SPDR Bloomberg 1-10 Year TIPS ETF | 0.94 |
| TIP | iShares TIPS Bond ETF | 0.93 |
| GTIP | Goldman Sachs Access Inflation Protected USD Bond ETF | 0.91 |
| SCHP | Schwab U.S. TIPS ETF | 0.91 |
Most inversely correlated with TDTF
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.63 |
| TBX | ProShares Short 7-10 Year Treasury | -0.61 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.61 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.50 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.49 |
Frequently asked questions about TDTF correlations
- Which stocks are most correlated with TDTF?
- Based on one year of daily returns, the stocks most correlated with Northern Trust iBoxx 5-Year Target Duration TIPS ETF (TDTF) are TIPB (0.96), TIPX (0.94) and TIP (0.93). 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 TDTF?
- Over the past year, the stocks most inversely correlated with Northern Trust iBoxx 5-Year Target Duration TIPS ETF (TDTF) are PST (-0.63), TBX (-0.61) and TYO (-0.61). 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 TDTF correlations calculated?
- We compute the correlation of daily returns between TDTF 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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