Which stocks are most correlated with MIY?

Based on one year of daily returns, the stocks most correlated with BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. i (MIY) are XMPT (0.42), NAD (0.42) and NEA (0.42). 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 MIY?

Over the past year, the stocks most inversely correlated with BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. i (MIY) are EPV (-0.29), EFU (-0.29) and EFZ (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. i (MIY) — Stock Correlations & Overview

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

Stocks correlated with MIY

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

Most correlated with MIY

Symbol	Company	Correlation
XMPT	VanEck CEF Muni Income ETF	0.42
NAD	Nuveen Quality Municipal Income Fund	0.42
NEA	Nuveen AMT-Free Quality Municipal Income Fund	0.42
BTZ	BlackRock Credit Allocation Income Trust	0.41
NAC	Nuveen California Quality Municipal Income Fund	0.41

Most inversely correlated with MIY

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.29
EFU	ProShares Trust UltraShort MSCI EAFE	-0.29
EFZ	ProShares Trust Short MSCI EAFE	-0.28
ANNA	AleAnna, Inc. Class A Common StockCRUDE PETROLEUM & NATURAL GAS	-0.28
CF	CF Industries Holding, Inc.AGRICULTURAL CHEMICALS	-0.27

Frequently asked questions about MIY correlations

Which stocks are most correlated with MIY?: Based on one year of daily returns, the stocks most correlated with BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. i (MIY) are XMPT (0.42), NAD (0.42) and NEA (0.42). 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 MIY?: Over the past year, the stocks most inversely correlated with BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. i (MIY) are EPV (-0.29), EFU (-0.29) and EFZ (-0.28). 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 MIY correlations calculated?: We compute the correlation of daily returns between MIY 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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