Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) — Stock Correlations & Overview
Over the past year, BSMZ has moved most closely with BSMY, PZA, PWZ. Explore the stocks most correlated and inversely correlated with BSMZ below, along with its price, financials, and company profile.
Stocks correlated with BSMZ
Correlation of daily returns. Higher positive values move with BSMZ; negative values move opposite it. Informational only, not investment advice.
Most correlated with BSMZ
| Symbol | Company | Correlation |
|---|---|---|
| BSMY | Invesco BulletShares 2034 Municipal Bond ETF | 0.86 |
| PZA | Invesco National AMT-Free Municipal Bond ETF | 0.85 |
| PWZ | Invesco California AMT-Free Municipal Bond ETFINVESTMENT ADVICE | 0.83 |
| MUB | iShares National Muni Bond ETF | 0.82 |
| NYF | iShares New York Muni Bond ETF | 0.82 |
Most inversely correlated with BSMZ
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.65 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.63 |
| TBX | ProShares Short 7-10 Year Treasury | -0.62 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.60 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.60 |
Frequently asked questions about BSMZ correlations
- Which stocks are most correlated with BSMZ?
- Based on one year of daily returns, the stocks most correlated with Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) are BSMY (0.86), PZA (0.85) and PWZ (0.83). 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 BSMZ?
- Over the past year, the stocks most inversely correlated with Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) are PST (-0.65), TYO (-0.63) and TBX (-0.62). 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 BSMZ correlations calculated?
- We compute the correlation of daily returns between BSMZ 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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