VanEck Long Muni ETF (MLN) — Stock Correlations & Overview
Over the past year, MLN has moved most closely with CMF, MUB, VTEB. Explore the stocks most correlated and inversely correlated with MLN below, along with its price, financials, and company profile.
Stocks correlated with MLN
Correlation of daily returns. Higher positive values move with MLN; negative values move opposite it. Informational only, not investment advice.
Most correlated with MLN
| Symbol | Company | Correlation |
|---|---|---|
| CMF | iShares California Muni Bond ETF | 0.86 |
| MUB | iShares National Muni Bond ETF | 0.86 |
| VTEB | Vanguard Tax-Exempt Bond Index Fund | 0.85 |
| NYF | iShares New York Muni Bond ETF | 0.84 |
| VTEC | Vanguard California Tax-Exempt Bond ETF | 0.84 |
Most inversely correlated with MLN
| Symbol | Company | Correlation |
|---|---|---|
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.60 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.60 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.59 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.59 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.59 |
Frequently asked questions about MLN correlations
- Which stocks are most correlated with MLN?
- Based on one year of daily returns, the stocks most correlated with VanEck Long Muni ETF (MLN) are CMF (0.86), MUB (0.86) and VTEB (0.85). 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 MLN?
- Over the past year, the stocks most inversely correlated with VanEck Long Muni ETF (MLN) are TBT (-0.60), TMV (-0.60) and TYO (-0.59). 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 MLN correlations calculated?
- We compute the correlation of daily returns between MLN 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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