Which stocks are most correlated with VRP?

Based on one year of daily returns, the stocks most correlated with Invesco Variable Rate Preferred ETF (VRP) are BSJX (0.73), BSJU (0.71) and BSJS (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 VRP?

Over the past year, the stocks most inversely correlated with Invesco Variable Rate Preferred ETF (VRP) are EPV (-0.51), SPXU (-0.50) and SPXS (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco Variable Rate Preferred ETF (VRP) — Stock Correlations & Overview

Over the past year, VRP has moved most closely with BSJX, BSJU, BSJS. Explore the stocks most correlated and inversely correlated with VRP below, along with its price, financials, and company profile.

Stocks correlated with VRP

Correlation of daily returns. Higher positive values move with VRP; negative values move opposite it. Informational only, not investment advice.

Most correlated with VRP

Symbol	Company	Correlation
BSJX	Invesco BulletShares 2033 High Yield Corporate Bond ETF	0.73
BSJU	Invesco BulletShares 2030 High Yield Corporate Bond ETF	0.71
BSJS	Invesco BulletShares 2028 High Yield Corporate Bond ETF	0.69
BSJW	Invesco BulletShares 2032 High Yield Corporate Bond ETF	0.69
BSJV	Invesco BulletShares 2031 High Yield Corporate Bond ETF	0.68

Most inversely correlated with VRP

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.51
SPXU	ProShares UltraPro Short S&P 500	-0.50
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.50
SDS	ProShares UltraShort S&P500	-0.50
SH	ProShares Short S&P500	-0.50

Frequently asked questions about VRP correlations

Which stocks are most correlated with VRP?: Based on one year of daily returns, the stocks most correlated with Invesco Variable Rate Preferred ETF (VRP) are BSJX (0.73), BSJU (0.71) and BSJS (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 VRP?: Over the past year, the stocks most inversely correlated with Invesco Variable Rate Preferred ETF (VRP) are EPV (-0.51), SPXU (-0.50) and SPXS (-0.50). 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 VRP correlations calculated?: We compute the correlation of daily returns between VRP 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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