Aberdeen Government Markets Income Fund (MGF) — Stock Correlations & Overview
Over the past year, MGF has moved most closely with MBND, FPF, PPT. Explore the stocks most correlated and inversely correlated with MGF below, along with its price, financials, and company profile.
Stocks correlated with MGF
Correlation of daily returns. Higher positive values move with MGF; negative values move opposite it. Informational only, not investment advice.
Most correlated with MGF
| Symbol | Company | Correlation |
|---|---|---|
| MBND | State Street Nuveen Municipal Bond ETF | 0.39 |
| FPF | FIRST TRUST INTERMEDIATE DURATION PREFERRED & INCOME FUND | 0.32 |
| PPT | Franklin Premier Income Trust | 0.31 |
| TAXM | BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 0.30 |
| VTEL | Vanguard Long-Term Tax-Exempt Bond ETF | 0.29 |
Most inversely correlated with MGF
| Symbol | Company | Correlation |
|---|---|---|
| HTFC | Horizon Technology Finance Corporation 6.25% Notes due 2027 | -0.24 |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | -0.24 |
| CNTX | Context Therapeutics Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.21 |
| PED | PEDEVCO Corp.CRUDE PETROLEUM & NATURAL GAS | -0.20 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.19 |
Frequently asked questions about MGF correlations
- Which stocks are most correlated with MGF?
- Based on one year of daily returns, the stocks most correlated with Aberdeen Government Markets Income Fund (MGF) are MBND (0.39), FPF (0.32) and PPT (0.31). 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 MGF?
- Over the past year, the stocks most inversely correlated with Aberdeen Government Markets Income Fund (MGF) are HTFC (-0.24), YQQQ (-0.24) and CNTX (-0.21). 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 MGF correlations calculated?
- We compute the correlation of daily returns between MGF 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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