iShares Broad USD Investment Grade Corporate Bond ETF (USIG) — Stock Correlations & Overview
Over the past year, USIG has moved most closely with QLTA, IGEB, LQD. Explore the stocks most correlated and inversely correlated with USIG below, along with its price, financials, and company profile.
Stocks correlated with USIG
Correlation of daily returns. Higher positive values move with USIG; negative values move opposite it. Informational only, not investment advice.
Most correlated with USIG
| Symbol | Company | Correlation |
|---|---|---|
| QLTA | iShares Aaa - A Rated Corporate Bond ETF | 0.99 |
| IGEB | iShares Investment Grade Systematic Bond ETF | 0.99 |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.99 |
| SUSC | iShares Trust iShares ESG Aware USD Corporate Bond ETF | 0.99 |
| VTC | Vanguard Total Corporate Bond ETF | 0.98 |
Most inversely correlated with USIG
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.85 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.85 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.84 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.83 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.82 |
Frequently asked questions about USIG correlations
- Which stocks are most correlated with USIG?
- Based on one year of daily returns, the stocks most correlated with iShares Broad USD Investment Grade Corporate Bond ETF (USIG) are QLTA (0.99), IGEB (0.99) and LQD (0.99). 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 USIG?
- Over the past year, the stocks most inversely correlated with iShares Broad USD Investment Grade Corporate Bond ETF (USIG) are PST (-0.85), TYO (-0.85) and TMV (-0.84). 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 USIG correlations calculated?
- We compute the correlation of daily returns between USIG 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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