US Treasury 3 Year Note ETF (UTRE) — Stock Correlations & Overview
Over the past year, UTRE has moved most closely with UFIV, UTWO, USVN. Explore the stocks most correlated and inversely correlated with UTRE below, along with its price, financials, and company profile.
Stocks correlated with UTRE
Correlation of daily returns. Higher positive values move with UTRE; negative values move opposite it. Informational only, not investment advice.
Most correlated with UTRE
| Symbol | Company | Correlation |
|---|---|---|
| UFIV | US Treasury 5 Year Note ETF | 0.96 |
| UTWO | US Treasury 2 Year Note ETF | 0.95 |
| USVN | US Treasury 7 Year Note ETF | 0.92 |
| ZTRE | F/m 3-Year Investment Grade Corporate Bond ETF | 0.88 |
| UTEN | US Treasury 10 Year Note ETF | 0.85 |
Most inversely correlated with UTRE
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.77 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.76 |
| TBX | ProShares Short 7-10 Year Treasury | -0.74 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.60 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.58 |
Frequently asked questions about UTRE correlations
- Which stocks are most correlated with UTRE?
- Based on one year of daily returns, the stocks most correlated with US Treasury 3 Year Note ETF (UTRE) are UFIV (0.96), UTWO (0.95) and USVN (0.92). 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 UTRE?
- Over the past year, the stocks most inversely correlated with US Treasury 3 Year Note ETF (UTRE) are PST (-0.77), TYO (-0.76) and TBX (-0.74). 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 UTRE correlations calculated?
- We compute the correlation of daily returns between UTRE 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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