Which stocks are most correlated with MUNA?

Based on one year of daily returns, the stocks most correlated with Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) are GMNY (0.50), SYSB (0.50) and VTES (0.50). 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 MUNA?

Over the past year, the stocks most inversely correlated with Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) are EFU (-0.40), EWV (-0.39) and EFZ (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) — Stock Correlations & Overview

Over the past year, MUNA has moved most closely with GMNY, SYSB, VTES. Explore the stocks most correlated and inversely correlated with MUNA below, along with its price, financials, and company profile.

Stocks correlated with MUNA

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

Most correlated with MUNA

Symbol	Company	Correlation
GMNY	Goldman Sachs Dynamic New York Municipal Income ETF	0.50
SYSB	iShares Systematic Bond ETF	0.50
VTES	Vanguard Short-Term Tax-Exempt Bond ETF	0.50
OBND	State Street Loomis Sayles Opportunistic Bond ETF	0.49
FISR	State Street Fixed Income Sector Rotation ETF	0.49

Most inversely correlated with MUNA

Symbol	Company	Correlation
EFU	ProShares Trust UltraShort MSCI EAFE	-0.40
EWV	ProShares Trust UltraShort MSCI Japan	-0.39
EFZ	ProShares Trust Short MSCI EAFE	-0.38
PST	ProShares Trust UltraShort Lehman 7-10 Year Treasury	-0.37
EUM	ProShares Trust Short MSCI Emerging Markets	-0.37

Frequently asked questions about MUNA correlations

Which stocks are most correlated with MUNA?: Based on one year of daily returns, the stocks most correlated with Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) are GMNY (0.50), SYSB (0.50) and VTES (0.50). 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 MUNA?: Over the past year, the stocks most inversely correlated with Northern Trust 2030 Tax-Exempt Distributing Ladder ETF (MUNA) are EFU (-0.40), EWV (-0.39) and EFZ (-0.38). 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 MUNA correlations calculated?: We compute the correlation of daily returns between MUNA 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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