TCW Multisector Credit Income ETF (MUSE) — Stock Correlations & Overview
Over the past year, MUSE has moved most closely with NPFI, PRFD, PQDI. Explore the stocks most correlated and inversely correlated with MUSE below, along with its price, financials, and company profile.
Stocks correlated with MUSE
Correlation of daily returns. Higher positive values move with MUSE; negative values move opposite it. Informational only, not investment advice.
Most correlated with MUSE
| Symbol | Company | Correlation |
|---|---|---|
| NPFI | Nuveen Preferred and Income ETF | 0.70 |
| PRFD | PIMCO Preferred and Capital Securities Active Exchange-Traded Fund | 0.69 |
| PQDI | Principal Spectrum Preferred and Income ETF | 0.67 |
| SJNK | State Street SPDR Bloomberg Short Term High Yield Bond ETF | 0.67 |
| NUHY | Nuveen ESG High Yield Corporate Bond ETF | 0.65 |
Frequently asked questions about MUSE correlations
- Which stocks are most correlated with MUSE?
- Based on one year of daily returns, the stocks most correlated with TCW Multisector Credit Income ETF (MUSE) are NPFI (0.70), PRFD (0.69) and PQDI (0.67). 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 MUSE?
- Over the past year, the stocks most inversely correlated with TCW Multisector Credit Income ETF (MUSE) are EFZ (-0.44), EPV (-0.42) and EFU (-0.41). 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 MUSE correlations calculated?
- We compute the correlation of daily returns between MUSE 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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