Janus Henderson Short Duration Income ETF (VNLA) — Stock Correlations & Overview
Over the past year, VNLA has moved most closely with JAAA, PULS, PAAA. Explore the stocks most correlated and inversely correlated with VNLA below, along with its price, financials, and company profile.
Stocks correlated with VNLA
Correlation of daily returns. Higher positive values move with VNLA; negative values move opposite it. Informational only, not investment advice.
Most correlated with VNLA
| Symbol | Company | Correlation |
|---|---|---|
| JAAA | Janus Henderson AAA CLO ETF | 0.79 |
| PULS | PGIM Ultra Short Bond ETF | 0.69 |
| PAAA | PGIM AAA CLO ETF | 0.69 |
| JSI | Janus Henderson Securitized Income ETF | 0.67 |
| PCS | PGIM Corporate Bond 0-5 Year ETF | 0.64 |
Most inversely correlated with VNLA
| Symbol | Company | Correlation |
|---|---|---|
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.32 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.31 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.31 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.30 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.29 |
Frequently asked questions about VNLA correlations
- Which stocks are most correlated with VNLA?
- Based on one year of daily returns, the stocks most correlated with Janus Henderson Short Duration Income ETF (VNLA) are JAAA (0.79), PULS (0.69) and PAAA (0.69). 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 VNLA?
- Over the past year, the stocks most inversely correlated with Janus Henderson Short Duration Income ETF (VNLA) are TBT (-0.32), TMV (-0.31) and TTT (-0.31). 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 VNLA correlations calculated?
- We compute the correlation of daily returns between VNLA 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.