Invesco BulletShares 2027 Municipal Bond ETF (BSMR) — Stock Correlations & Overview
Over the past year, BSMR has moved most closely with BSMS, GSY, BSCR. Explore the stocks most correlated and inversely correlated with BSMR below, along with its price, financials, and company profile.
Stocks correlated with BSMR
Correlation of daily returns. Higher positive values move with BSMR; negative values move opposite it. Informational only, not investment advice.
Most correlated with BSMR
| Symbol | Company | Correlation |
|---|---|---|
| BSMS | Invesco BulletShares 2028 Municipal Bond ETF | 0.59 |
| GSY | Invesco Ultra Short Duration ETF | 0.58 |
| BSCR | Invesco BulletShares 2027 Corporate Bond ETF | 0.56 |
| BSMY | Invesco BulletShares 2034 Municipal Bond ETF | 0.55 |
| BSCS | Invesco BulletShares 2028 Corporate Bond ETF | 0.54 |
Most inversely correlated with BSMR
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.37 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.36 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.36 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.35 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.34 |
Frequently asked questions about BSMR correlations
- Which stocks are most correlated with BSMR?
- Based on one year of daily returns, the stocks most correlated with Invesco BulletShares 2027 Municipal Bond ETF (BSMR) are BSMS (0.59), GSY (0.58) and BSCR (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 BSMR?
- Over the past year, the stocks most inversely correlated with Invesco BulletShares 2027 Municipal Bond ETF (BSMR) are TMV (-0.37), TBF (-0.36) and TBT (-0.36). 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 BSMR correlations calculated?
- We compute the correlation of daily returns between BSMR 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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