Simplify National Muni Bond ETF (NMB) — Stock Correlations & Overview
Over the past year, NMB has moved most closely with FMHI, FMB, MUB. Explore the stocks most correlated and inversely correlated with NMB below, along with its price, financials, and company profile.
Stocks correlated with NMB
Correlation of daily returns. Higher positive values move with NMB; negative values move opposite it. Informational only, not investment advice.
Most correlated with NMB
| Symbol | Company | Correlation |
|---|---|---|
| FMHI | First Trust Municipal High Income ETF | 0.72 |
| FMB | First Trust Managed Municipal ETF | 0.70 |
| MUB | iShares National Muni Bond ETF | 0.70 |
| VTEB | Vanguard Tax-Exempt Bond Index Fund | 0.69 |
| VTEL | Vanguard Long-Term Tax-Exempt Bond ETF | 0.68 |
Most inversely correlated with NMB
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.54 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.53 |
| SJB | ProShares Short High Yield | -0.53 |
| TBX | ProShares Short 7-10 Year Treasury | -0.52 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.52 |
Frequently asked questions about NMB correlations
- Which stocks are most correlated with NMB?
- Based on one year of daily returns, the stocks most correlated with Simplify National Muni Bond ETF (NMB) are FMHI (0.72), FMB (0.70) and MUB (0.70). 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 NMB?
- Over the past year, the stocks most inversely correlated with Simplify National Muni Bond ETF (NMB) are PST (-0.54), TBT (-0.53) and SJB (-0.53). 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 NMB correlations calculated?
- We compute the correlation of daily returns between NMB 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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