Vident U.S. Bond Strategy ETF (VBND) — Stock Correlations & Overview
Over the past year, VBND has moved most closely with CPAG, ILTB, UTWY. Explore the stocks most correlated and inversely correlated with VBND below, along with its price, financials, and company profile.
Stocks correlated with VBND
Correlation of daily returns. Higher positive values move with VBND; negative values move opposite it. Informational only, not investment advice.
Most correlated with VBND
| Symbol | Company | Correlation |
|---|---|---|
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.80 |
| ILTB | iShares Core 10+ Year USD Bond ETFof iShares Trust | 0.78 |
| UTWY | US Treasury 20 Year Bond ETF | 0.78 |
| UTEN | US Treasury 10 Year Note ETF | 0.78 |
| LLDR | Global X Long-Term Treasury Ladder ETF | 0.78 |
Most inversely correlated with VBND
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.77 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.77 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.76 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.76 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.76 |
Frequently asked questions about VBND correlations
- Which stocks are most correlated with VBND?
- Based on one year of daily returns, the stocks most correlated with Vident U.S. Bond Strategy ETF (VBND) are CPAG (0.80), ILTB (0.78) and UTWY (0.78). 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 VBND?
- Over the past year, the stocks most inversely correlated with Vident U.S. Bond Strategy ETF (VBND) are TMV (-0.77), TBT (-0.77) and PST (-0.76). 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 VBND correlations calculated?
- We compute the correlation of daily returns between VBND 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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