iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) — Stock Correlations & Overview
Over the past year, TLTW has moved most closely with LFAW, TMF, LFBE. Explore the stocks most correlated and inversely correlated with TLTW below, along with its price, financials, and company profile.
Stocks correlated with TLTW
Correlation of daily returns. Higher positive values move with TLTW; negative values move opposite it. Informational only, not investment advice.
Most correlated with TLTW
| Symbol | Company | Correlation |
|---|---|---|
| LFAW | LifeX 2060 Longevity Income ETF | 0.95 |
| TMF | Direxion Daily 20+ Year Treasury Bull 3X ETF | 0.90 |
| LFBE | LifeX 2065 Longevity Income ETF | 0.90 |
| LFDR | LifeX Durable Income ETF | 0.90 |
| TLT | iShares 20+ Year Treasury Bond ETF | 0.89 |
Most inversely correlated with TLTW
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.90 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.90 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.89 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.86 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.81 |
Frequently asked questions about TLTW correlations
- Which stocks are most correlated with TLTW?
- Based on one year of daily returns, the stocks most correlated with iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) are LFAW (0.95), TMF (0.90) and LFBE (0.90). 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 TLTW?
- Over the past year, the stocks most inversely correlated with iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) are TMV (-0.90), TBT (-0.90) and TBF (-0.89). 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 TLTW correlations calculated?
- We compute the correlation of daily returns between TLTW 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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