BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND (MPA) — Stock Correlations & Overview
Over the past year, MPA has moved most closely with RTAI, XMPT, MQY. Explore the stocks most correlated and inversely correlated with MPA below, along with its price, financials, and company profile.
Stocks correlated with MPA
Correlation of daily returns. Higher positive values move with MPA; negative values move opposite it. Informational only, not investment advice.
Most correlated with MPA
| Symbol | Company | Correlation |
|---|---|---|
| RTAI | Rareview Tax Advantaged Income ETF | 0.71 |
| XMPT | VanEck CEF Muni Income ETF | 0.70 |
| MQY | Blackrock Muni Yield Quality Fund, Inc | 0.68 |
| MYI | BLACKROCK MUNIYIELD QUALITY FUND III, INC. | 0.68 |
| NVG | Nuveen AMT-Free Municipal Credit Income Fund | 0.66 |
Most inversely correlated with MPA
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.41 |
| PFIX | Simplify Interest Rate Hedge ETF | -0.41 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.40 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.39 |
| TBX | ProShares Short 7-10 Year Treasury | -0.39 |
Frequently asked questions about MPA correlations
- Which stocks are most correlated with MPA?
- Based on one year of daily returns, the stocks most correlated with BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND (MPA) are RTAI (0.71), XMPT (0.70) and MQY (0.68). 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 MPA?
- Over the past year, the stocks most inversely correlated with BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND (MPA) are PST (-0.41), PFIX (-0.41) and TYO (-0.40). 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 MPA correlations calculated?
- We compute the correlation of daily returns between MPA 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.