Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) — Stock Correlations & Overview
Over the past year, MUNB has moved most closely with MUNC, TAXI, VTEI. Explore the stocks most correlated and inversely correlated with MUNB below, along with its price, financials, and company profile.
Stocks correlated with MUNB
Correlation of daily returns. Higher positive values move with MUNB; negative values move opposite it. Informational only, not investment advice.
Most correlated with MUNB
| Symbol | Company | Correlation |
|---|---|---|
| MUNC | Northern Trust 2045 Tax-Exempt Distributing Ladder ETF | 0.86 |
| TAXI | Northern Trust Intermediate Tax-Exempt Bond ETF | 0.85 |
| VTEI | Vanguard Intermediate-Term Tax-Exempt Bond ETF | 0.84 |
| CMF | iShares California Muni Bond ETF | 0.84 |
| VTEC | Vanguard California Tax-Exempt Bond ETF | 0.84 |
Most inversely correlated with MUNB
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.53 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.51 |
| TBX | ProShares Short 7-10 Year Treasury | -0.50 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.50 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.50 |
Frequently asked questions about MUNB correlations
- Which stocks are most correlated with MUNB?
- Based on one year of daily returns, the stocks most correlated with Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) are MUNC (0.86), TAXI (0.85) and VTEI (0.84). 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 MUNB?
- Over the past year, the stocks most inversely correlated with Northern Trust 2035 Tax-Exempt Distributing Ladder ETF (MUNB) are PST (-0.53), TYO (-0.51) and TBX (-0.50). 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 MUNB correlations calculated?
- We compute the correlation of daily returns between MUNB 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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