Invesco Taxable Municipal Bond ETF (BAB) — Stock Correlations & Overview
Over the past year, BAB has moved most closely with GOVI, UTWY, LFAW. Explore the stocks most correlated and inversely correlated with BAB below, along with its price, financials, and company profile.
Stocks correlated with BAB
Correlation of daily returns. Higher positive values move with BAB; negative values move opposite it. Informational only, not investment advice.
Most correlated with BAB
| Symbol | Company | Correlation |
|---|---|---|
| GOVI | Invesco Exchange-Traded Fund Trust II Invesco Equal Weight 0-30 Year Treasury ETF | 0.82 |
| UTWY | US Treasury 20 Year Bond ETF | 0.81 |
| LFAW | LifeX 2060 Longevity Income ETF | 0.80 |
| CPAG | F/m Compoundr U.S. Aggregate Bond ETF | 0.80 |
| GTOC | Invesco Core Fixed Income ETF | 0.80 |
Most inversely correlated with BAB
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.79 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.78 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.77 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.77 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.76 |
Frequently asked questions about BAB correlations
- Which stocks are most correlated with BAB?
- Based on one year of daily returns, the stocks most correlated with Invesco Taxable Municipal Bond ETF (BAB) are GOVI (0.82), UTWY (0.81) and LFAW (0.80). 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 BAB?
- Over the past year, the stocks most inversely correlated with Invesco Taxable Municipal Bond ETF (BAB) are TMV (-0.79), TBF (-0.78) and TBT (-0.77). 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 BAB correlations calculated?
- We compute the correlation of daily returns between BAB 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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