Which stocks are most correlated with HTAX?

Based on one year of daily returns, the stocks most correlated with Nomura National High-Yield Municipal Bond ETF (HTAX) are EVYM (0.85), HYD (0.80) and MFSM (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 HTAX?

Over the past year, the stocks most inversely correlated with Nomura National High-Yield Municipal Bond ETF (HTAX) are TBT (-0.58), TMV (-0.58) and TBF (-0.57). A negative correlation means the two stocks have tended to move in opposite directions.

Nomura National High-Yield Municipal Bond ETF (HTAX) — Stock Correlations & Overview

Over the past year, HTAX has moved most closely with EVYM, HYD, MFSM. Explore the stocks most correlated and inversely correlated with HTAX below, along with its price, financials, and company profile.

Stocks correlated with HTAX

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

Most correlated with HTAX

Symbol	Company	Correlation
EVYM	Eaton Vance High Income Municipal ETF	0.85
HYD	VanEck High Yield Muni ETF	0.80
MFSM	MFS Active Intermediate Muni Bond ETF	0.77
CGHM	Capital Group Municipal High-Income ETF	0.77
FMHI	First Trust Municipal High Income ETF	0.77

Most inversely correlated with HTAX

Symbol	Company	Correlation
TBT	ProShares Trust UltraShort Lehman 20+ Year Treasury	-0.58
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	-0.58
TBF	ProShares Short 20+ Year Treasury ETF	-0.57
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.56
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.56

Frequently asked questions about HTAX correlations

Which stocks are most correlated with HTAX?: Based on one year of daily returns, the stocks most correlated with Nomura National High-Yield Municipal Bond ETF (HTAX) are EVYM (0.85), HYD (0.80) and MFSM (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 HTAX?: Over the past year, the stocks most inversely correlated with Nomura National High-Yield Municipal Bond ETF (HTAX) are TBT (-0.58), TMV (-0.58) and TBF (-0.57). 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 HTAX correlations calculated?: We compute the correlation of daily returns between HTAX 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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