Invesco BulletShares 2031 Municipal Bond ETF (BSMV) — Stock Correlations & Overview
Over the past year, BSMV has moved most closely with BSMY, BSMU, PZA. Explore the stocks most correlated and inversely correlated with BSMV below, along with its price, financials, and company profile.
Stocks correlated with BSMV
Correlation of daily returns. Higher positive values move with BSMV; negative values move opposite it. Informational only, not investment advice.
Most correlated with BSMV
| Symbol | Company | Correlation |
|---|---|---|
| BSMY | Invesco BulletShares 2034 Municipal Bond ETF | 0.82 |
| BSMU | Invesco BulletShares 2030 Municipal Bond ETF | 0.82 |
| PZA | Invesco National AMT-Free Municipal Bond ETF | 0.77 |
| PWZ | Invesco California AMT-Free Municipal Bond ETFINVESTMENT ADVICE | 0.77 |
| BSMT | Invesco BulletShares 2029 Municipal Bond ETF | 0.76 |
Most inversely correlated with BSMV
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.58 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.57 |
| TBX | ProShares Short 7-10 Year Treasury | -0.55 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.54 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.53 |
Frequently asked questions about BSMV correlations
- Which stocks are most correlated with BSMV?
- Based on one year of daily returns, the stocks most correlated with Invesco BulletShares 2031 Municipal Bond ETF (BSMV) are BSMY (0.82), BSMU (0.82) and PZA (0.77). 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 BSMV?
- Over the past year, the stocks most inversely correlated with Invesco BulletShares 2031 Municipal Bond ETF (BSMV) are TYO (-0.58), PST (-0.57) and TBX (-0.55). 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 BSMV correlations calculated?
- We compute the correlation of daily returns between BSMV 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.