Global X Treasury Bond Enhanced Income ETF (TLTX) — Stock Correlations & Overview
Over the past year, TLTX has moved most closely with GTO, GOVI, GTOC. Explore the stocks most correlated and inversely correlated with TLTX below, along with its price, financials, and company profile.
Stocks correlated with TLTX
Correlation of daily returns. Higher positive values move with TLTX; negative values move opposite it. Informational only, not investment advice.
Most correlated with TLTX
| Symbol | Company | Correlation |
|---|---|---|
| GTO | Invesco Total Return Bond ETF | 0.63 |
| GOVI | Invesco Exchange-Traded Fund Trust II Invesco Equal Weight 0-30 Year Treasury ETF | 0.62 |
| GTOC | Invesco Core Fixed Income ETF | 0.61 |
| BSCX | Invesco BulletShares 2033 Corporate Bond ETF | 0.59 |
| BSCY | Invesco BulletShares 2034 Corporate Bond ETF | 0.59 |
Most inversely correlated with TLTX
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.58 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.57 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.57 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.57 |
| PFIX | Simplify Interest Rate Hedge ETF | -0.49 |
Frequently asked questions about TLTX correlations
- Which stocks are most correlated with TLTX?
- Based on one year of daily returns, the stocks most correlated with Global X Treasury Bond Enhanced Income ETF (TLTX) are GTO (0.63), GOVI (0.62) and GTOC (0.61). 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 TLTX?
- Over the past year, the stocks most inversely correlated with Global X Treasury Bond Enhanced Income ETF (TLTX) are TMV (-0.58), TBT (-0.57) and TBF (-0.57). 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 TLTX correlations calculated?
- We compute the correlation of daily returns between TLTX 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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