Amplify TLT U.S. Treasury 12% Option Income ETF (TLTP) — Stock Correlations & Overview
Over the past year, TLTP has moved most closely with FBND, TPLS, OACP. Explore the stocks most correlated and inversely correlated with TLTP below, along with its price, financials, and company profile.
Stocks correlated with TLTP
Correlation of daily returns. Higher positive values move with TLTP; negative values move opposite it. Informational only, not investment advice.
Most correlated with TLTP
| Symbol | Company | Correlation |
|---|---|---|
| FBND | Fidelity Total Bond ETF | 0.88 |
| TPLS | Thornburg Core Plus Bond ETF | 0.88 |
| OACP | OneAscent Core Plus Bond ETF | 0.86 |
| UTWY | US Treasury 20 Year Bond ETF | 0.86 |
| UTHY | US Treasury 30 Year Bond ETF | 0.86 |
Most inversely correlated with TLTP
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.84 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.82 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.81 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.79 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.76 |
Frequently asked questions about TLTP correlations
- Which stocks are most correlated with TLTP?
- Based on one year of daily returns, the stocks most correlated with Amplify TLT U.S. Treasury 12% Option Income ETF (TLTP) are FBND (0.88), TPLS (0.88) and OACP (0.86). 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 TLTP?
- Over the past year, the stocks most inversely correlated with Amplify TLT U.S. Treasury 12% Option Income ETF (TLTP) are TMV (-0.84), TBT (-0.82) and TBF (-0.81). 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 TLTP correlations calculated?
- We compute the correlation of daily returns between TLTP 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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