Invesco Intermediate Municipal ETF (INTM) — Stock Correlations & Overview
Over the past year, INTM has moved most closely with BSMV, BSMU, PWZ. Explore the stocks most correlated and inversely correlated with INTM below, along with its price, financials, and company profile.
Stocks correlated with INTM
Correlation of daily returns. Higher positive values move with INTM; negative values move opposite it. Informational only, not investment advice.
Most correlated with INTM
| Symbol | Company | Correlation |
|---|---|---|
| BSMV | Invesco BulletShares 2031 Municipal Bond ETF | 0.59 |
| BSMU | Invesco BulletShares 2030 Municipal Bond ETF | 0.55 |
| PWZ | Invesco California AMT-Free Municipal Bond ETFINVESTMENT ADVICE | 0.53 |
| BSMY | Invesco BulletShares 2034 Municipal Bond ETF | 0.52 |
| BSMW | Invesco BulletShares 2032 Municipal Bond ETF | 0.51 |
Most inversely correlated with INTM
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.33 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.33 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.32 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.31 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.30 |
Frequently asked questions about INTM correlations
- Which stocks are most correlated with INTM?
- Based on one year of daily returns, the stocks most correlated with Invesco Intermediate Municipal ETF (INTM) are BSMV (0.59), BSMU (0.55) and PWZ (0.53). 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 INTM?
- Over the past year, the stocks most inversely correlated with Invesco Intermediate Municipal ETF (INTM) are PST (-0.33), TMV (-0.33) and TYO (-0.32). 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 INTM correlations calculated?
- We compute the correlation of daily returns between INTM 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.