Which stocks are most correlated with LEO?

Based on one year of daily returns, the stocks most correlated with BNY Mellon Strategic Municipals, Inc. (LEO) are DSM (0.74), RTAI (0.74) and XMPT (0.73). 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 LEO?

Over the past year, the stocks most inversely correlated with BNY Mellon Strategic Municipals, Inc. (LEO) are SJB (-0.38), EFZ (-0.38) and EPV (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

BNY Mellon Strategic Municipals, Inc. (LEO) — Stock Correlations & Overview

Over the past year, LEO has moved most closely with DSM, RTAI, XMPT. Explore the stocks most correlated and inversely correlated with LEO below, along with its price, financials, and company profile.

Stocks correlated with LEO

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

Most correlated with LEO

Symbol	Company	Correlation
DSM	BNY Mellon Strategic Municipal Bond Fund, Inc.	0.74
RTAI	Rareview Tax Advantaged Income ETF	0.74
XMPT	VanEck CEF Muni Income ETF	0.73
PML	PIMCO MUNICIPAL INCOME FUND II COMMON SHARES OF BENEFICIAL INT.	0.68
DMB	BNY Mellon Municipal Bond Infrastructure Fund, Inc.	0.67

Most inversely correlated with LEO

Symbol	Company	Correlation
SJB	ProShares Short High Yield	-0.38
EFZ	ProShares Trust Short MSCI EAFE	-0.38
EPV	ProShares UltraShort FTSE Europe	-0.38
EFU	ProShares Trust UltraShort MSCI EAFE	-0.36
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.35

Frequently asked questions about LEO correlations

Which stocks are most correlated with LEO?: Based on one year of daily returns, the stocks most correlated with BNY Mellon Strategic Municipals, Inc. (LEO) are DSM (0.74), RTAI (0.74) and XMPT (0.73). 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 LEO?: Over the past year, the stocks most inversely correlated with BNY Mellon Strategic Municipals, Inc. (LEO) are SJB (-0.38), EFZ (-0.38) and EPV (-0.38). 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 LEO correlations calculated?: We compute the correlation of daily returns between LEO 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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