BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) — Stock Correlations & Overview
Over the past year, XONE has moved most closely with XHLF, CLIP, SLDR. Explore the stocks most correlated and inversely correlated with XONE below, along with its price, financials, and company profile.
Stocks correlated with XONE
Correlation of daily returns. Higher positive values move with XONE; negative values move opposite it. Informational only, not investment advice.
Most correlated with XONE
| Symbol | Company | Correlation |
|---|---|---|
| XHLF | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 0.92 |
| CLIP | Global X 1-3 Month T-Bill ETF | 0.90 |
| SLDR | Global X Short-Term Treasury Ladder ETF | 0.86 |
| ULST | State Street Ultra Short Term Bond ETF | 0.86 |
| ICSH | iShares Ultra Short Duration Bond Active ETF | 0.85 |
Most inversely correlated with XONE
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.36 |
| FLYE | Fly-E Group, Inc. Common StockMOTOR VEHICLES & PASSENGER CAR BODIES | -0.35 |
| TBX | ProShares Short 7-10 Year Treasury | -0.35 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.32 |
| MBINM | Merchants Bancorp Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.25% Fixed-Rate Reset Series D Non-Cumulative Perpetual Preferred StockSTATE COMMERCIAL BANKS | -0.28 |
Frequently asked questions about XONE correlations
- Which stocks are most correlated with XONE?
- Based on one year of daily returns, the stocks most correlated with BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) are XHLF (0.92), CLIP (0.90) and SLDR (0.86). 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 XONE?
- Over the past year, the stocks most inversely correlated with BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) are PST (-0.36), FLYE (-0.35) and TBX (-0.35). 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 XONE correlations calculated?
- We compute the correlation of daily returns between XONE 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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