Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) — Stock Correlations & Overview
Over the past year, VSDM has moved most closely with VTEI, TAXI, TFI. Explore the stocks most correlated and inversely correlated with VSDM below, along with its price, financials, and company profile.
Stocks correlated with VSDM
Correlation of daily returns. Higher positive values move with VSDM; negative values move opposite it. Informational only, not investment advice.
Most correlated with VSDM
| Symbol | Company | Correlation |
|---|---|---|
| VTEI | Vanguard Intermediate-Term Tax-Exempt Bond ETF | 0.86 |
| TAXI | Northern Trust Intermediate Tax-Exempt Bond ETF | 0.85 |
| TFI | State Street SPDR Nuveen ICE Municipal Bond ETF | 0.84 |
| FLMI | Franklin Dynamic Municipal Bond ETF | 0.83 |
| VTEC | Vanguard California Tax-Exempt Bond ETF | 0.83 |
Most inversely correlated with VSDM
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.48 |
| TBX | ProShares Short 7-10 Year Treasury | -0.46 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.45 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.42 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.41 |
Frequently asked questions about VSDM correlations
- Which stocks are most correlated with VSDM?
- Based on one year of daily returns, the stocks most correlated with Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) are VTEI (0.86), TAXI (0.85) and TFI (0.84). 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 VSDM?
- Over the past year, the stocks most inversely correlated with Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) are PST (-0.48), TBX (-0.46) and TYO (-0.45). 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 VSDM correlations calculated?
- We compute the correlation of daily returns between VSDM 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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