BlackRock Taxable Municipal Bond Trust (BBN) — Stock Correlations & Overview
Over the past year, BBN has moved most closely with GBAB, NBB, BTZ. Explore the stocks most correlated and inversely correlated with BBN below, along with its price, financials, and company profile.
Stocks correlated with BBN
Correlation of daily returns. Higher positive values move with BBN; negative values move opposite it. Informational only, not investment advice.
Most correlated with BBN
| Symbol | Company | Correlation |
|---|---|---|
| GBAB | Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 0.64 |
| NBB | Nuveen Taxable Municipal Income Fund | 0.61 |
| BTZ | BlackRock Credit Allocation Income Trust | 0.56 |
| BAB | Invesco Taxable Municipal Bond ETF | 0.56 |
| RTRE | Rareview Total Return Bond ETF | 0.55 |
Most inversely correlated with BBN
| Symbol | Company | Correlation |
|---|---|---|
| TBX | ProShares Short 7-10 Year Treasury | -0.53 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.51 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.49 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.49 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.49 |
Frequently asked questions about BBN correlations
- Which stocks are most correlated with BBN?
- Based on one year of daily returns, the stocks most correlated with BlackRock Taxable Municipal Bond Trust (BBN) are GBAB (0.64), NBB (0.61) and BTZ (0.56). 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 BBN?
- Over the past year, the stocks most inversely correlated with BlackRock Taxable Municipal Bond Trust (BBN) are TBX (-0.53), PST (-0.51) and TTT (-0.49). 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 BBN correlations calculated?
- We compute the correlation of daily returns between BBN 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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