Mairs & Power Minnesota Municipal Bond ETF (MINN) — Stock Correlations & Overview
Over the past year, MINN has moved most closely with VTEC, NYF, DFNM. Explore the stocks most correlated and inversely correlated with MINN below, along with its price, financials, and company profile.
Stocks correlated with MINN
Correlation of daily returns. Higher positive values move with MINN; negative values move opposite it. Informational only, not investment advice.
Most correlated with MINN
| Symbol | Company | Correlation |
|---|---|---|
| VTEC | Vanguard California Tax-Exempt Bond ETF | 0.57 |
| NYF | iShares New York Muni Bond ETF | 0.56 |
| DFNM | Dimensional National Municipal Bond ETF | 0.56 |
| CMF | iShares California Muni Bond ETF | 0.55 |
| VTEB | Vanguard Tax-Exempt Bond Index Fund | 0.55 |
Most inversely correlated with MINN
| Symbol | Company | Correlation |
|---|---|---|
| PFIX | Simplify Interest Rate Hedge ETF | -0.32 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.31 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.29 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.28 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.27 |
Frequently asked questions about MINN correlations
- Which stocks are most correlated with MINN?
- Based on one year of daily returns, the stocks most correlated with Mairs & Power Minnesota Municipal Bond ETF (MINN) are VTEC (0.57), NYF (0.56) and DFNM (0.56). 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 MINN?
- Over the past year, the stocks most inversely correlated with Mairs & Power Minnesota Municipal Bond ETF (MINN) are PFIX (-0.32), TBT (-0.31) and TMV (-0.29). 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 MINN correlations calculated?
- We compute the correlation of daily returns between MINN 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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