PGIM Ultra Short Municipal Bond ETF (PUSH) — Stock Correlations & Overview
Over the past year, PUSH has moved most closely with PULS, PAAA, PCS. Explore the stocks most correlated and inversely correlated with PUSH below, along with its price, financials, and company profile.
Stocks correlated with PUSH
Correlation of daily returns. Higher positive values move with PUSH; negative values move opposite it. Informational only, not investment advice.
Most correlated with PUSH
| Symbol | Company | Correlation |
|---|---|---|
| PULS | PGIM Ultra Short Bond ETF | 0.52 |
| PAAA | PGIM AAA CLO ETF | 0.48 |
| PCS | PGIM Corporate Bond 0-5 Year ETF | 0.44 |
| PMIO | PGIM Municipal Income Opportunities ETF | 0.43 |
| PSDM | PGIM Short Duration Multi-Sector Bond ETF | 0.41 |
Most inversely correlated with PUSH
| Symbol | Company | Correlation |
|---|---|---|
| DOGZ | Dogness (International) Corporation Class A Common Stock | -0.25 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.24 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.21 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.21 |
| TCPC | BlackRock TCP Capital Corp. Common Stock | -0.20 |
Frequently asked questions about PUSH correlations
- Which stocks are most correlated with PUSH?
- Based on one year of daily returns, the stocks most correlated with PGIM Ultra Short Municipal Bond ETF (PUSH) are PULS (0.52), PAAA (0.48) and PCS (0.44). 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 PUSH?
- Over the past year, the stocks most inversely correlated with PGIM Ultra Short Municipal Bond ETF (PUSH) are DOGZ (-0.25), TBT (-0.24) and TTT (-0.21). 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 PUSH correlations calculated?
- We compute the correlation of daily returns between PUSH 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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