Which stocks are most correlated with UJB?

Based on one year of daily returns, the stocks most correlated with ProShares Ultra High Yield (UJB) are CPHY (0.91), HYG (0.87) and JNK (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 UJB?

Over the past year, the stocks most inversely correlated with ProShares Ultra High Yield (UJB) are SPDN (-0.76), SPXS (-0.76) and TZA (-0.75). A negative correlation means the two stocks have tended to move in opposite directions.

ProShares Ultra High Yield (UJB) — Stock Correlations & Overview

Over the past year, UJB has moved most closely with CPHY, HYG, JNK. Explore the stocks most correlated and inversely correlated with UJB below, along with its price, financials, and company profile.

Stocks correlated with UJB

Correlation of daily returns. Higher positive values move with UJB; negative values move opposite it. Informational only, not investment advice.

Most correlated with UJB

Symbol	Company	Correlation
CPHY	F/m Compoundr High Yield Bond ETF	0.91
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	0.87
JNK	State Street SPDR Bloomberg High Yield Bond ETF	0.86
FALN	iShares Fallen Angels USD Bond ETF	0.86
USHY	iShares Broad USD High Yield Corporate Bond ETF	0.84

Most inversely correlated with UJB

Symbol	Company	Correlation
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.76
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.76
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.75
SPXU	ProShares UltraPro Short S&P 500	-0.75
SRTY	ProShares UltraPro Short Russell2000	-0.75

Frequently asked questions about UJB correlations

Which stocks are most correlated with UJB?: Based on one year of daily returns, the stocks most correlated with ProShares Ultra High Yield (UJB) are CPHY (0.91), HYG (0.87) and JNK (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 UJB?: Over the past year, the stocks most inversely correlated with ProShares Ultra High Yield (UJB) are SPDN (-0.76), SPXS (-0.76) and TZA (-0.75). 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 UJB correlations calculated?: We compute the correlation of daily returns between UJB 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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