MEAR iShares Short Maturity Municipal Bond Active ETF

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

MEAR vs TAFI

Both indexed to 100 at 2026-05-11.

MEAR TAFI · range 98–101 · 2026-05-11 → 2026-11-06

These tend to repeat MEAR's moves later.

GMUB Goldman Sachs Municipal Income ETF

lag 1dρ +0.20holdout +0.18stable 62%$/day $1.0Mmoderate

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

TAFI AB Tax-Aware Short Duration Municipal ETF

ρ +0.35beyond mkt +0.21holdout +0.52stable 100%robust

MUB iShares National Muni Bond ETF

ρ +0.40beyond mkt +0.20holdout +0.60stable 75%robust

SUB iShares Short-Term National Muni Bond ETF

ρ +0.36beyond mkt +0.20holdout +0.52stable 88%robust

No day-to-day relationship, but 5- or 10-day returns move together.

TAXX BondBloxx IR+M Tax Aware Short Duration ETF

horizon 10dρ +0.84holdout +0.95stable 62%moderate

CALI BlackRock ETF Trust II iShares Short-Term California Muni Active ETF

horizon 10dρ +0.83holdout +0.96stable 75%robust

MUST Columbia Multi-Sector Municipal Income ETF

horizon 10dρ +0.77holdout +0.94stable 62%moderate

AFB Alliance National Municipal Income Fund, Inc.

horizon 10dρ +0.70holdout +0.90stable 62%moderate

NDMO Nuveen Dynamic Municipal Opportunities Fund Common Shares of Beneficial Interest

horizon 10dρ +0.63holdout +0.87stable 62%moderate

HIO Western Asset High Income Opportunity Fund, Inc.

horizon 10dρ +0.56holdout +0.66stable 50%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

CALI BlackRock ETF Trust II iShares Short-Term California Muni Active ETF

Δ +0.48recent +0.71prior +0.23beyond mkt +0.16

MUST Columbia Multi-Sector Municipal Income ETF

Δ +0.47recent +0.68prior +0.21beyond mkt +0.14

WIT Wipro Limited

Δ +0.42recent +0.47prior +0.06beyond mkt +0.03

TAXX BondBloxx IR+M Tax Aware Short Duration ETF

Δ +0.41recent +0.65prior +0.24beyond mkt +0.12

MUB iShares National Muni Bond ETF

Δ +0.36recent +0.71prior +0.35beyond mkt +0.20

SUB iShares Short-Term National Muni Bond ETF

Δ +0.35recent +0.66prior +0.31beyond mkt +0.20