NYLIM MacKay Muni Insured ETF (MMIN) — Stock Correlations & Overview
Over the past year, MMIN has moved most closely with VTEL, VTEB, MUB. Explore the stocks most correlated and inversely correlated with MMIN below, along with its price, financials, and company profile.
Stocks correlated with MMIN
Correlation of daily returns. Higher positive values move with MMIN; negative values move opposite it. Informational only, not investment advice.
Most correlated with MMIN
| Symbol | Company | Correlation |
|---|---|---|
| VTEL | Vanguard Long-Term Tax-Exempt Bond ETF | 0.79 |
| VTEB | Vanguard Tax-Exempt Bond Index Fund | 0.79 |
| MUB | iShares National Muni Bond ETF | 0.78 |
| MMIT | NYLIM MacKay Muni Intermediate ETF | 0.78 |
| PMIO | PGIM Municipal Income Opportunities ETF | 0.78 |
Most inversely correlated with MMIN
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.57 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.56 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.55 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.54 |
| PFIX | Simplify Interest Rate Hedge ETF | -0.53 |
Frequently asked questions about MMIN correlations
- Which stocks are most correlated with MMIN?
- Based on one year of daily returns, the stocks most correlated with NYLIM MacKay Muni Insured ETF (MMIN) are VTEL (0.79), VTEB (0.79) and MUB (0.78). 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 MMIN?
- Over the past year, the stocks most inversely correlated with NYLIM MacKay Muni Insured ETF (MMIN) are TMV (-0.57), TBT (-0.56) and TBF (-0.55). 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 MMIN correlations calculated?
- We compute the correlation of daily returns between MMIN 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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