INVESCO CALIFORNIA VALUE MUNI INCOME TRUST (VCV) — Stock Correlations & Overview
Over the past year, VCV has moved most closely with NAC, NKX, VKQ. Explore the stocks most correlated and inversely correlated with VCV below, along with its price, financials, and company profile.
Stocks correlated with VCV
Correlation of daily returns. Higher positive values move with VCV; negative values move opposite it. Informational only, not investment advice.
Most correlated with VCV
| Symbol | Company | Correlation |
|---|---|---|
| NAC | Nuveen California Quality Municipal Income Fund | 0.49 |
| NKX | Nuveen California AMT-Free Quality Municipal Income Fund | 0.49 |
| VKQ | Invesco Municipal Trust | 0.47 |
| MPA | BLACKROCK MUNIYIELD PENNSYLVANIA QUALITY FUND | 0.46 |
| RTAI | Rareview Tax Advantaged Income ETF | 0.46 |
Most inversely correlated with VCV
| Symbol | Company | Correlation |
|---|---|---|
| EFZ | ProShares Trust Short MSCI EAFE | -0.27 |
| BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | -0.27 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.26 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.24 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.24 |
Frequently asked questions about VCV correlations
- Which stocks are most correlated with VCV?
- Based on one year of daily returns, the stocks most correlated with INVESCO CALIFORNIA VALUE MUNI INCOME TRUST (VCV) are NAC (0.49), NKX (0.49) and VKQ (0.47). 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 VCV?
- Over the past year, the stocks most inversely correlated with INVESCO CALIFORNIA VALUE MUNI INCOME TRUST (VCV) are EFZ (-0.27), BCI (-0.27) and PST (-0.26). 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 VCV correlations calculated?
- We compute the correlation of daily returns between VCV 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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