Which stocks are most correlated with HYMB?

Based on one year of daily returns, the stocks most correlated with State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) are VTEB (0.91), MUB (0.90) and VCRM (0.89). 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 HYMB?

Over the past year, the stocks most inversely correlated with State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) are PST (-0.64), TMV (-0.64) and TYO (-0.63). A negative correlation means the two stocks have tended to move in opposite directions.

State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) — Stock Correlations & Overview

Over the past year, HYMB has moved most closely with VTEB, MUB, VCRM. Explore the stocks most correlated and inversely correlated with HYMB below, along with its price, financials, and company profile.

Stocks correlated with HYMB

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

Most correlated with HYMB

Symbol	Company	Correlation
VTEB	Vanguard Tax-Exempt Bond Index Fund	0.91
MUB	iShares National Muni Bond ETF	0.90
VCRM	Vanguard Core Tax-Exempt Bond ETF	0.89
VTEL	Vanguard Long-Term Tax-Exempt Bond ETF	0.89
VTEC	Vanguard California Tax-Exempt Bond ETF	0.88

Most inversely correlated with HYMB

Symbol	Company	Correlation
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.64
TMV	Direxion Daily 20+ Year Treasury Bear 3X ETF	-0.64
TYO	Direxion Daily 7-10 Year Treasury Bear 3X ETF	-0.63
TBX	ProShares Short 7-10 Year Treasury	-0.63
TBT	ProShares Trust UltraShort Lehman 20+ Year Treasury	-0.63

Frequently asked questions about HYMB correlations

Which stocks are most correlated with HYMB?: Based on one year of daily returns, the stocks most correlated with State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) are VTEB (0.91), MUB (0.90) and VCRM (0.89). 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 HYMB?: Over the past year, the stocks most inversely correlated with State Street SPDR Nuveen ICE High Yield Municipal Bond ETF (HYMB) are PST (-0.64), TMV (-0.64) and TYO (-0.63). 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 HYMB correlations calculated?: We compute the correlation of daily returns between HYMB 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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