Which stocks are most correlated with NIM?

Based on one year of daily returns, the stocks most correlated with Nuveen Select Maturities Municipal Fund (NIM) are NZF (0.46), XMPT (0.46) and NDMO (0.46). 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 NIM?

Over the past year, the stocks most inversely correlated with Nuveen Select Maturities Municipal Fund (NIM) are SIJ (-0.29), EFZ (-0.28) and JETD (-0.27). A negative correlation means the two stocks have tended to move in opposite directions.

Nuveen Select Maturities Municipal Fund (NIM) — Stock Correlations & Overview

Over the past year, NIM has moved most closely with NZF, XMPT, NDMO. Explore the stocks most correlated and inversely correlated with NIM below, along with its price, financials, and company profile.

Stocks correlated with NIM

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

Most correlated with NIM

Symbol	Company	Correlation
NZF	Nuveen Municipal Credit Income Fund	0.46
XMPT	VanEck CEF Muni Income ETF	0.46
NDMO	Nuveen Dynamic Municipal Opportunities Fund Common Shares of Beneficial Interest	0.46
NAD	Nuveen Quality Municipal Income Fund	0.46
FMN	Federated Hermes Premier Municipal Income Fund	0.45

Most inversely correlated with NIM

Symbol	Company	Correlation
SIJ	ProShares UltraShort Industrials	-0.29
EFZ	ProShares Trust Short MSCI EAFE	-0.28
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.27
EFU	ProShares Trust UltraShort MSCI EAFE	-0.27
EPV	ProShares UltraShort FTSE Europe	-0.26

Frequently asked questions about NIM correlations

Which stocks are most correlated with NIM?: Based on one year of daily returns, the stocks most correlated with Nuveen Select Maturities Municipal Fund (NIM) are NZF (0.46), XMPT (0.46) and NDMO (0.46). 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 NIM?: Over the past year, the stocks most inversely correlated with Nuveen Select Maturities Municipal Fund (NIM) are SIJ (-0.29), EFZ (-0.28) and JETD (-0.27). 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 NIM correlations calculated?: We compute the correlation of daily returns between NIM 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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