Virtus Newfleet ABS/MBS ETF (VABS) — Stock Correlations & Overview
Over the past year, VABS has moved most closely with SDCP, PCLO, BSCT. Explore the stocks most correlated and inversely correlated with VABS below, along with its price, financials, and company profile.
Stocks correlated with VABS
Correlation of daily returns. Higher positive values move with VABS; negative values move opposite it. Informational only, not investment advice.
Most correlated with VABS
| Symbol | Company | Correlation |
|---|---|---|
| SDCP | Virtus Newfleet Short Duration Core Plus Bond ETF | 0.60 |
| PCLO | VIRTUS SEIX AAA Private Credit CLO ETF | 0.53 |
| BSCT | Invesco BulletShares 2029 Corporate Bond ETF | 0.49 |
| GTOC | Invesco Core Fixed Income ETF | 0.48 |
| IIGD | Invesco Investment Grade Defensive ETF | 0.48 |
Most inversely correlated with VABS
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.43 |
| TBX | ProShares Short 7-10 Year Treasury | -0.41 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.41 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.34 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.34 |
Frequently asked questions about VABS correlations
- Which stocks are most correlated with VABS?
- Based on one year of daily returns, the stocks most correlated with Virtus Newfleet ABS/MBS ETF (VABS) are SDCP (0.60), PCLO (0.53) and BSCT (0.49). 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 VABS?
- Over the past year, the stocks most inversely correlated with Virtus Newfleet ABS/MBS ETF (VABS) are PST (-0.43), TBX (-0.41) and TYO (-0.41). 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 VABS correlations calculated?
- We compute the correlation of daily returns between VABS 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.