iShares Treasury Floating Rate Bond ETF (TFLO) — Stock Correlations & Overview
Over the past year, TFLO has moved most closely with SGOV, SHV, SGVT. Explore the stocks most correlated and inversely correlated with TFLO below, along with its price, financials, and company profile.
Stocks correlated with TFLO
Correlation of daily returns. Higher positive values move with TFLO; negative values move opposite it. Informational only, not investment advice.
Most correlated with TFLO
| Symbol | Company | Correlation |
|---|---|---|
| SGOV | iShares 0-3 Month Treasury Bond ETF | 0.97 |
| SHV | iShares Trust iShares 0-1 Year Treasury Bond ETF | 0.96 |
| SGVT | Schwab Government Money Market ETF | 0.96 |
| ICSH | iShares Ultra Short Duration Bond Active ETF | 0.92 |
| RAVI | Northern Trust Ultra-Short Fixed Income ETF | 0.90 |
Most inversely correlated with TFLO
| Symbol | Company | Correlation |
|---|---|---|
| FLYE | Fly-E Group, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.33 |
| HYFM | Hydrofarm Holdings Group, Inc. Common StockWHOLESALE-MISCELLANEOUS NONDURABLE GOODS | -0.27 |
| GOTU | Gaotu Techedu Inc. American Depositary Shares, three of which representing two Class A Ordinary Shares | -0.26 |
| TGE | The Generation Essentials Group | -0.26 |
| GDRX | GoodRx Holdings, Inc. Class A Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | -0.26 |
Frequently asked questions about TFLO correlations
- Which stocks are most correlated with TFLO?
- Based on one year of daily returns, the stocks most correlated with iShares Treasury Floating Rate Bond ETF (TFLO) are SGOV (0.97), SHV (0.96) and SGVT (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 TFLO?
- Over the past year, the stocks most inversely correlated with iShares Treasury Floating Rate Bond ETF (TFLO) are FLYE (-0.33), HYFM (-0.27) and GOTU (-0.26). 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 TFLO correlations calculated?
- We compute the correlation of daily returns between TFLO 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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