ALPS BBH Intermediate Municipal Bond ETF (MNBD) — Stock Correlations & Overview
Over the past year, MNBD has moved most closely with VTEL, VTEC, MUNC. Explore the stocks most correlated and inversely correlated with MNBD below, along with its price, financials, and company profile.
Stocks correlated with MNBD
Correlation of daily returns. Higher positive values move with MNBD; negative values move opposite it. Informational only, not investment advice.
Most correlated with MNBD
| Symbol | Company | Correlation |
|---|---|---|
| VTEL | Vanguard Long-Term Tax-Exempt Bond ETF | 0.73 |
| VTEC | Vanguard California Tax-Exempt Bond ETF | 0.72 |
| MUNC | Northern Trust 2045 Tax-Exempt Distributing Ladder ETF | 0.71 |
| VTEB | Vanguard Tax-Exempt Bond Index Fund | 0.70 |
| FMB | First Trust Managed Municipal ETF | 0.70 |
Most inversely correlated with MNBD
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.53 |
| PFIX | Simplify Interest Rate Hedge ETF | -0.50 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.49 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.49 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.49 |
Frequently asked questions about MNBD correlations
- Which stocks are most correlated with MNBD?
- Based on one year of daily returns, the stocks most correlated with ALPS BBH Intermediate Municipal Bond ETF (MNBD) are VTEL (0.73), VTEC (0.72) and MUNC (0.71). 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 MNBD?
- Over the past year, the stocks most inversely correlated with ALPS BBH Intermediate Municipal Bond ETF (MNBD) are TYO (-0.53), PFIX (-0.50) and PST (-0.49). 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 MNBD correlations calculated?
- We compute the correlation of daily returns between MNBD 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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