Vanguard Mortgage-Backed Securities ETF (VMBS) — Stock Correlations & Overview
Over the past year, VMBS has moved most closely with MBB, SPMB, BND. Explore the stocks most correlated and inversely correlated with VMBS below, along with its price, financials, and company profile.
Stocks correlated with VMBS
Correlation of daily returns. Higher positive values move with VMBS; negative values move opposite it. Informational only, not investment advice.
Most correlated with VMBS
| Symbol | Company | Correlation |
|---|---|---|
| MBB | iShares MBS ETF | 0.97 |
| SPMB | State Street SPDR Portfolio Mortgage Backed Bond ETF | 0.97 |
| BND | Vanguard Total Bond Market | 0.96 |
| PMBS | PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund | 0.95 |
| AGG | iShares Core U.S. Aggregate Bond ETF | 0.95 |
Most inversely correlated with VMBS
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.90 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.88 |
| TBX | ProShares Short 7-10 Year Treasury | -0.86 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.83 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.82 |
Frequently asked questions about VMBS correlations
- Which stocks are most correlated with VMBS?
- Based on one year of daily returns, the stocks most correlated with Vanguard Mortgage-Backed Securities ETF (VMBS) are MBB (0.97), SPMB (0.97) and BND (0.96). 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 VMBS?
- Over the past year, the stocks most inversely correlated with Vanguard Mortgage-Backed Securities ETF (VMBS) are PST (-0.90), TYO (-0.88) and TBX (-0.86). 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 VMBS correlations calculated?
- We compute the correlation of daily returns between VMBS 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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