Weitz Core Plus Bond ETF (WCPB) — Stock Correlations & Overview
Over the past year, WCPB has moved most closely with FBND, CPAG, HCRB. Explore the stocks most correlated and inversely correlated with WCPB below, along with its price, financials, and company profile.
Stocks correlated with WCPB
Correlation of daily returns. Higher positive values move with WCPB; negative values move opposite it. Informational only, not investment advice.
Most correlated with WCPB
| Symbol | Company | Correlation |
|---|---|---|
| FBND | Fidelity Total Bond ETF | 0.93 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.91 |
| HCRB | Hartford Core Bond ETF | 0.90 |
| HTRB | Hartford Total Return Bond ETF | 0.90 |
| OACP | OneAscent Core Plus Bond ETF | 0.90 |
Most inversely correlated with WCPB
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.87 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.85 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.85 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.83 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.83 |
Frequently asked questions about WCPB correlations
- Which stocks are most correlated with WCPB?
- Based on one year of daily returns, the stocks most correlated with Weitz Core Plus Bond ETF (WCPB) are FBND (0.93), CPAG (0.91) and HCRB (0.90). 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 WCPB?
- Over the past year, the stocks most inversely correlated with Weitz Core Plus Bond ETF (WCPB) are TYO (-0.87), PST (-0.85) and TMV (-0.85). 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 WCPB correlations calculated?
- We compute the correlation of daily returns between WCPB 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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