Goldman Sachs Municipal Income ETF (GMUB) — Stock Correlations & Overview
Over the past year, GMUB has moved most closely with VTEB, VTEC, MUB. Explore the stocks most correlated and inversely correlated with GMUB below, along with its price, financials, and company profile.
Stocks correlated with GMUB
Correlation of daily returns. Higher positive values move with GMUB; negative values move opposite it. Informational only, not investment advice.
Most correlated with GMUB
| Symbol | Company | Correlation |
|---|---|---|
| VTEB | Vanguard Tax-Exempt Bond Index Fund | 0.82 |
| VTEC | Vanguard California Tax-Exempt Bond ETF | 0.81 |
| MUB | iShares National Muni Bond ETF | 0.80 |
| VTEI | Vanguard Intermediate-Term Tax-Exempt Bond ETF | 0.80 |
| JMUB | JPMorgan Municipal ETF | 0.80 |
Most inversely correlated with GMUB
| Symbol | Company | Correlation |
|---|---|---|
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.56 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.56 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.56 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.55 |
| TBX | ProShares Short 7-10 Year Treasury | -0.54 |
Frequently asked questions about GMUB correlations
- Which stocks are most correlated with GMUB?
- Based on one year of daily returns, the stocks most correlated with Goldman Sachs Municipal Income ETF (GMUB) are VTEB (0.82), VTEC (0.81) and MUB (0.80). 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 GMUB?
- Over the past year, the stocks most inversely correlated with Goldman Sachs Municipal Income ETF (GMUB) are TBT (-0.56), TMV (-0.56) and PST (-0.56). 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 GMUB correlations calculated?
- We compute the correlation of daily returns between GMUB 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.