Which stocks are most correlated with NMCO?

Based on one year of daily returns, the stocks most correlated with Nuveen Municipal Credit Opportunities Fund (NMCO) are NMZ (0.47), NZF (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 NMCO?

Over the past year, the stocks most inversely correlated with Nuveen Municipal Credit Opportunities Fund (NMCO) are SCC (-0.34), EFU (-0.33) and CELU (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Nuveen Municipal Credit Opportunities Fund (NMCO) — Stock Correlations & Overview

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

Stocks correlated with NMCO

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

Most correlated with NMCO

Symbol	Company	Correlation
NMZ	Nuveen Municipal High Income Opportunity Fund	0.47
NZF	Nuveen Municipal Credit Income Fund	0.46
NDMO	Nuveen Dynamic Municipal Opportunities Fund Common Shares of Beneficial Interest	0.46
MQY	Blackrock Muni Yield Quality Fund, Inc	0.45
NAC	Nuveen California Quality Municipal Income Fund	0.45

Most inversely correlated with NMCO

Symbol	Company	Correlation
SCC	ProShares UltraShort Consumer Discretionary	-0.34
EFU	ProShares Trust UltraShort MSCI EAFE	-0.33
CELU	Celularity Inc. Class A Common StockPHARMACEUTICAL PREPARATIONS	-0.32
SDS	ProShares UltraShort S&P500	-0.31
SH	ProShares Short S&P500	-0.31

Frequently asked questions about NMCO correlations

Which stocks are most correlated with NMCO?: Based on one year of daily returns, the stocks most correlated with Nuveen Municipal Credit Opportunities Fund (NMCO) are NMZ (0.47), NZF (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 NMCO?: Over the past year, the stocks most inversely correlated with Nuveen Municipal Credit Opportunities Fund (NMCO) are SCC (-0.34), EFU (-0.33) and CELU (-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 NMCO correlations calculated?: We compute the correlation of daily returns between NMCO 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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