Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) — Stock Correlations & Overview
Over the past year, MUND has moved most closely with DABS, AGIO, IBIL. Explore the stocks most correlated and inversely correlated with MUND below, along with its price, financials, and company profile.
Stocks correlated with MUND
Correlation of daily returns. Higher positive values move with MUND; negative values move opposite it. Informational only, not investment advice.
Most correlated with MUND
| Symbol | Company | Correlation |
|---|---|---|
| DABS | DoubleLine Asset-Backed Securities ETF | 0.51 |
| AGIO | Agios Pharmaceuticals, Inc.PHARMACEUTICAL PREPARATIONS | 0.49 |
| IBIL | iShares iBonds Oct 2035 Term TIPS ETF | 0.47 |
| OLMA | Olema Pharmaceuticals, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.44 |
| BAB | Invesco Taxable Municipal Bond ETF | 0.43 |
Most inversely correlated with MUND
| Symbol | Company | Correlation |
|---|---|---|
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.32 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.32 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.32 |
| TBX | ProShares Short 7-10 Year Treasury | -0.31 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.30 |
Frequently asked questions about MUND correlations
- Which stocks are most correlated with MUND?
- Based on one year of daily returns, the stocks most correlated with Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) are DABS (0.51), AGIO (0.49) and IBIL (0.47). 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 MUND?
- Over the past year, the stocks most inversely correlated with Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) are TYO (-0.32), TMV (-0.32) and PST (-0.32). 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 MUND correlations calculated?
- We compute the correlation of daily returns between MUND 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.