SSGA Active Trust State Street My2030 Municipal Bond ETF (MYMJ) — Stock Correlations & Overview
Over the past year, MYMJ has moved most closely with VTEI, MYMI, VTEB. Explore the stocks most correlated and inversely correlated with MYMJ below, along with its price, financials, and company profile.
Stocks correlated with MYMJ
Correlation of daily returns. Higher positive values move with MYMJ; negative values move opposite it. Informational only, not investment advice.
Most correlated with MYMJ
| Symbol | Company | Correlation |
|---|---|---|
| VTEI | Vanguard Intermediate-Term Tax-Exempt Bond ETF | 0.88 |
| MYMI | SSGA Active Trust State Street My2029 Municipal Bond ETF | 0.87 |
| VTEB | Vanguard Tax-Exempt Bond Index Fund | 0.86 |
| TFI | State Street SPDR Nuveen ICE Municipal Bond ETF | 0.86 |
| CMF | iShares California Muni Bond ETF | 0.86 |
Most inversely correlated with MYMJ
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.59 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.57 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.57 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.56 |
| TBX | ProShares Short 7-10 Year Treasury | -0.56 |
Frequently asked questions about MYMJ correlations
- Which stocks are most correlated with MYMJ?
- Based on one year of daily returns, the stocks most correlated with SSGA Active Trust State Street My2030 Municipal Bond ETF (MYMJ) are VTEI (0.88), MYMI (0.87) and VTEB (0.86). 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 MYMJ?
- Over the past year, the stocks most inversely correlated with SSGA Active Trust State Street My2030 Municipal Bond ETF (MYMJ) are PST (-0.59), TYO (-0.57) and TBT (-0.57). 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 MYMJ correlations calculated?
- We compute the correlation of daily returns between MYMJ 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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