iShares iBonds Dec 2031 Term Muni Bond ETF (IBMT) — Stock Correlations & Overview
Over the past year, IBMT has moved most closely with CMF, VTEI, FLMI. Explore the stocks most correlated and inversely correlated with IBMT below, along with its price, financials, and company profile.
Stocks correlated with IBMT
Correlation of daily returns. Higher positive values move with IBMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with IBMT
| Symbol | Company | Correlation |
|---|---|---|
| CMF | iShares California Muni Bond ETF | 0.74 |
| VTEI | Vanguard Intermediate-Term Tax-Exempt Bond ETF | 0.73 |
| FLMI | Franklin Dynamic Municipal Bond ETF | 0.72 |
| VTEB | Vanguard Tax-Exempt Bond Index Fund | 0.72 |
| TFI | State Street SPDR Nuveen ICE Municipal Bond ETF | 0.72 |
Most inversely correlated with IBMT
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.48 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.47 |
| TBX | ProShares Short 7-10 Year Treasury | -0.46 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.44 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.44 |
Frequently asked questions about IBMT correlations
- Which stocks are most correlated with IBMT?
- Based on one year of daily returns, the stocks most correlated with iShares iBonds Dec 2031 Term Muni Bond ETF (IBMT) are CMF (0.74), VTEI (0.73) and FLMI (0.72). 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 IBMT?
- Over the past year, the stocks most inversely correlated with iShares iBonds Dec 2031 Term Muni Bond ETF (IBMT) are PST (-0.48), TYO (-0.47) and TBX (-0.46). 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 IBMT correlations calculated?
- We compute the correlation of daily returns between IBMT 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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