AB Tax-Aware Long Municipal ETF (TAFL) — Stock Correlations & Overview
Over the past year, TAFL has moved most closely with MUB, VTEB, VTEL. Explore the stocks most correlated and inversely correlated with TAFL below, along with its price, financials, and company profile.
Stocks correlated with TAFL
Correlation of daily returns. Higher positive values move with TAFL; negative values move opposite it. Informational only, not investment advice.
Most correlated with TAFL
| Symbol | Company | Correlation |
|---|---|---|
| MUB | iShares National Muni Bond ETF | 0.88 |
| VTEB | Vanguard Tax-Exempt Bond Index Fund | 0.88 |
| VTEL | Vanguard Long-Term Tax-Exempt Bond ETF | 0.87 |
| NYF | iShares New York Muni Bond ETF | 0.87 |
| MUNI | PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund | 0.86 |
Most inversely correlated with TAFL
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.60 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.58 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.58 |
| TBX | ProShares Short 7-10 Year Treasury | -0.58 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.57 |
Frequently asked questions about TAFL correlations
- Which stocks are most correlated with TAFL?
- Based on one year of daily returns, the stocks most correlated with AB Tax-Aware Long Municipal ETF (TAFL) are MUB (0.88), VTEB (0.88) and VTEL (0.87). 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 TAFL?
- Over the past year, the stocks most inversely correlated with AB Tax-Aware Long Municipal ETF (TAFL) are PST (-0.60), TBT (-0.58) and TMV (-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 TAFL correlations calculated?
- We compute the correlation of daily returns between TAFL 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.