Invesco BulletShares 2029 Municipal Bond ETF (BSMT) — Stock Correlations & Overview
Over the past year, BSMT has moved most closely with BSMV, BSMU, BSMY. Explore the stocks most correlated and inversely correlated with BSMT below, along with its price, financials, and company profile.
Stocks correlated with BSMT
Correlation of daily returns. Higher positive values move with BSMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with BSMT
| Symbol | Company | Correlation |
|---|---|---|
| BSMV | Invesco BulletShares 2031 Municipal Bond ETF | 0.76 |
| BSMU | Invesco BulletShares 2030 Municipal Bond ETF | 0.74 |
| BSMY | Invesco BulletShares 2034 Municipal Bond ETF | 0.73 |
| PZA | Invesco National AMT-Free Municipal Bond ETF | 0.72 |
| PWZ | Invesco California AMT-Free Municipal Bond ETFINVESTMENT ADVICE | 0.68 |
Most inversely correlated with BSMT
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.45 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.44 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.42 |
| TBX | ProShares Short 7-10 Year Treasury | -0.42 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.40 |
Frequently asked questions about BSMT correlations
- Which stocks are most correlated with BSMT?
- Based on one year of daily returns, the stocks most correlated with Invesco BulletShares 2029 Municipal Bond ETF (BSMT) are BSMV (0.76), BSMU (0.74) and BSMY (0.73). 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 BSMT?
- Over the past year, the stocks most inversely correlated with Invesco BulletShares 2029 Municipal Bond ETF (BSMT) are TYO (-0.45), PST (-0.44) and TMV (-0.42). 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 BSMT correlations calculated?
- We compute the correlation of daily returns between BSMT 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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