Invesco Floating Rate Municipal Income ETF (PVI) — Stock Correlations & Overview
Over the past year, PVI has moved most closely with VRIG, GSY, TBLL. Explore the stocks most correlated and inversely correlated with PVI below, along with its price, financials, and company profile.
Stocks correlated with PVI
Correlation of daily returns. Higher positive values move with PVI; negative values move opposite it. Informational only, not investment advice.
Most correlated with PVI
| Symbol | Company | Correlation |
|---|---|---|
| VRIG | Invesco Variable Rate Investment Grade ETF | 0.25 |
| GSY | Invesco Ultra Short Duration ETF | 0.23 |
| TBLL | Invesco Short Term Treasury ETF | 0.23 |
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | 0.21 |
| BSJS | Invesco BulletShares 2028 High Yield Corporate Bond ETF | 0.21 |
Most inversely correlated with PVI
| Symbol | Company | Correlation |
|---|---|---|
| SACH | Sachem Capital Corp. Common SharesREAL ESTATE INVESTMENT TRUSTS | -0.28 |
| QRHC | Quest Resource Holding CorporationREFUSE SYSTEMS | -0.22 |
| CXT | Crane NXT, Co.MISCELLANEOUS FABRICATED METAL PRODUCTS | -0.21 |
| BBDO | Banco Bradesco S.A. American Depositary Shares (Each representing one Common Share, no par value) | -0.21 |
| LIBD | LifeX 2065 Inflation-Protected Longevity Income ETF | -0.21 |
Frequently asked questions about PVI correlations
- Which stocks are most correlated with PVI?
- Based on one year of daily returns, the stocks most correlated with Invesco Floating Rate Municipal Income ETF (PVI) are VRIG (0.25), GSY (0.23) and TBLL (0.23). 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 PVI?
- Over the past year, the stocks most inversely correlated with Invesco Floating Rate Municipal Income ETF (PVI) are SACH (-0.28), QRHC (-0.22) and CXT (-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 PVI correlations calculated?
- We compute the correlation of daily returns between PVI 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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