VanEck Short Muni ETF (SMB) — Stock Correlations & Overview
Over the past year, SMB has moved most closely with ITM, VTES, VTEC. Explore the stocks most correlated and inversely correlated with SMB below, along with its price, financials, and company profile.
Stocks correlated with SMB
Correlation of daily returns. Higher positive values move with SMB; negative values move opposite it. Informational only, not investment advice.
Most correlated with SMB
| Symbol | Company | Correlation |
|---|---|---|
| ITM | VanEck Intermediate Muni ETF | 0.65 |
| VTES | Vanguard Short-Term Tax-Exempt Bond ETF | 0.64 |
| VTEC | Vanguard California Tax-Exempt Bond ETF | 0.63 |
| MYMJ | SSGA Active Trust State Street My2030 Municipal Bond ETF | 0.62 |
| SHYD | VanEck Short High Yield Muni ETF | 0.62 |
Most inversely correlated with SMB
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.36 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.35 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.34 |
| TBX | ProShares Short 7-10 Year Treasury | -0.33 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.33 |
Frequently asked questions about SMB correlations
- Which stocks are most correlated with SMB?
- Based on one year of daily returns, the stocks most correlated with VanEck Short Muni ETF (SMB) are ITM (0.65), VTES (0.64) and VTEC (0.63). 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 SMB?
- Over the past year, the stocks most inversely correlated with VanEck Short Muni ETF (SMB) are PST (-0.36), TYO (-0.35) and TBT (-0.34). 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 SMB correlations calculated?
- We compute the correlation of daily returns between SMB 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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