INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST (OIA) — Stock Correlations & Overview
Over the past year, OIA has moved most closely with XMPT, RTAI, PML. Explore the stocks most correlated and inversely correlated with OIA below, along with its price, financials, and company profile.
Stocks correlated with OIA
Correlation of daily returns. Higher positive values move with OIA; negative values move opposite it. Informational only, not investment advice.
Most correlated with OIA
| Symbol | Company | Correlation |
|---|---|---|
| XMPT | VanEck CEF Muni Income ETF | 0.62 |
| RTAI | Rareview Tax Advantaged Income ETF | 0.60 |
| PML | PIMCO MUNICIPAL INCOME FUND II COMMON SHARES OF BENEFICIAL INT. | 0.60 |
| NAD | Nuveen Quality Municipal Income Fund | 0.57 |
| VKQ | Invesco Municipal Trust | 0.55 |
Most inversely correlated with OIA
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.40 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.38 |
| TBX | ProShares Short 7-10 Year Treasury | -0.37 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.33 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.32 |
Frequently asked questions about OIA correlations
- Which stocks are most correlated with OIA?
- Based on one year of daily returns, the stocks most correlated with INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST (OIA) are XMPT (0.62), RTAI (0.60) and PML (0.60). 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 OIA?
- Over the past year, the stocks most inversely correlated with INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST (OIA) are PST (-0.40), TYO (-0.38) and TBX (-0.37). 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 OIA correlations calculated?
- We compute the correlation of daily returns between OIA 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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