Which stocks are most correlated with HMOP?

Based on one year of daily returns, the stocks most correlated with Hartford Municipal Opportunities ETF (HMOP) are RMCA (0.75), HTAB (0.74) and RMOP (0.74). 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 HMOP?

Over the past year, the stocks most inversely correlated with Hartford Municipal Opportunities ETF (HMOP) are TBX (-0.45), PFIX (-0.45) and TYO (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Hartford Municipal Opportunities ETF (HMOP) — Stock Correlations & Overview

Over the past year, HMOP has moved most closely with RMCA, HTAB, RMOP. Explore the stocks most correlated and inversely correlated with HMOP below, along with its price, financials, and company profile.

Stocks correlated with HMOP

Correlation of daily returns. Higher positive values move with HMOP; negative values move opposite it. Informational only, not investment advice.

Most correlated with HMOP

Symbol	Company	Correlation
RMCA	Rockefeller California Municipal Bond ETF	0.75
HTAB	Hartford Schroders Tax-Aware Bond ETF	0.74
RMOP	Rockefeller Opportunistic Municipal Bond ETF	0.74
FMUB	Fidelity Municipal Bond Opportunities ETF	0.72
RMNY	Rockefeller New York Municipal Bond ETF	0.71

Most inversely correlated with HMOP

Symbol	Company	Correlation
TBX	ProShares Short 7-10 Year Treasury	-0.45
PFIX	Simplify Interest Rate Hedge ETF	-0.45
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.45
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.44
TBF	ProShares Short 20+ Year Treasury ETF	-0.44

Frequently asked questions about HMOP correlations

Which stocks are most correlated with HMOP?: Based on one year of daily returns, the stocks most correlated with Hartford Municipal Opportunities ETF (HMOP) are RMCA (0.75), HTAB (0.74) and RMOP (0.74). 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 HMOP?: Over the past year, the stocks most inversely correlated with Hartford Municipal Opportunities ETF (HMOP) are TBX (-0.45), PFIX (-0.45) and TYO (-0.45). 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 HMOP correlations calculated?: We compute the correlation of daily returns between HMOP 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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