Rockefeller California Municipal Bond ETF (RMCA) — Stock Correlations & Overview
Over the past year, RMCA has moved most closely with RMNY, RMOP, FMUB. Explore the stocks most correlated and inversely correlated with RMCA below, along with its price, financials, and company profile.
Stocks correlated with RMCA
Correlation of daily returns. Higher positive values move with RMCA; negative values move opposite it. Informational only, not investment advice.
Most correlated with RMCA
| Symbol | Company | Correlation |
|---|---|---|
| RMNY | Rockefeller New York Municipal Bond ETF | 0.89 |
| RMOP | Rockefeller Opportunistic Municipal Bond ETF | 0.86 |
| FMUB | Fidelity Municipal Bond Opportunities ETF | 0.86 |
| HTAB | Hartford Schroders Tax-Aware Bond ETF | 0.84 |
| VTEL | Vanguard Long-Term Tax-Exempt Bond ETF | 0.81 |
Most inversely correlated with RMCA
| Symbol | Company | Correlation |
|---|---|---|
| TBX | ProShares Short 7-10 Year Treasury | -0.59 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.58 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.58 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.58 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.58 |
Frequently asked questions about RMCA correlations
- Which stocks are most correlated with RMCA?
- Based on one year of daily returns, the stocks most correlated with Rockefeller California Municipal Bond ETF (RMCA) are RMNY (0.89), RMOP (0.86) and FMUB (0.86). 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 RMCA?
- Over the past year, the stocks most inversely correlated with Rockefeller California Municipal Bond ETF (RMCA) are TBX (-0.59), TBF (-0.58) and TYO (-0.58). 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 RMCA correlations calculated?
- We compute the correlation of daily returns between RMCA 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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