OVM Overlay Shares Municipal Bond ETF

Last close: 20.97
504-day return: +6.49%
Median $/day: $108k
Relationships shown: 18
Leader rank: #153

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

OVM vs MUB

Both indexed to 100 at 2026-05-11.

OVM MUB · range 95–101 · 2026-05-11 → 2026-11-06

Follows OVM

These tend to repeat OVM's moves later.

PCQ Pimco California Municipal Income Fund

lag 1dρ +0.21holdout +0.18stable 88%$/day $990krobust

KTF DWS Municipal Income Trust

lag 1dρ +0.21holdout +0.17stable 88%$/day $934krobust

BSMW Invesco Exchange-Traded Self-Indexed Fund Trust Invesco BulletShares 2032 Municipal Bond ETF

lag 1dρ +0.22holdout +0.22stable 75%$/day $544krobust

Moves with OVM

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

MUB iShares National Muni Bond ETF

ρ +0.75beyond mkt +0.56holdout +0.81stable 100%robust

PCQ Pimco California Municipal Income Fund

ρ +0.52beyond mkt +0.21holdout +0.62stable 100%robust

OVT Overlay Shares Short Term Bond ETF

ρ +0.69beyond mkt +0.20holdout +0.71stable 100%robust

MEAR iShares Short Maturity Municipal Bond Active ETF

ρ +0.37beyond mkt +0.12holdout +0.58stable 100%robust

VTN Invesco Trust for Investment Grade New York Municipals

ρ +0.45beyond mkt +0.12holdout +0.44stable 100%robust

KTF DWS Municipal Income Trust

ρ +0.40beyond mkt +0.10holdout +0.41stable 100%robust

Moves against OVM

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.41beyond mkt +0.06holdout -0.44stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.41beyond mkt -0.05holdout -0.37stable 88%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.47beyond mkt -0.05holdout -0.48stable 100%robust

Weekly, not daily

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

EVG Eaton Vance Short Duration Diversified Income Fund

horizon 10dρ +0.62holdout +0.76stable 100%robust

TSEC Touchstone Securitized Income ETF

horizon 10dρ +0.61holdout +0.76stable 50%moderate

HTD John Hancock Tax-Advantaged Dividend Income Fund

horizon 10dρ +0.52holdout +0.59stable 88%robust

NMS Nuveen Minnesota Quality Municipal Income Fund

horizon 10dρ +0.52holdout +0.59stable 62%moderate

MMT Aberdeen Multi-Market Income Fund

horizon 10dρ +0.49holdout +0.38stable 62%moderate

HLT Hilton Worldwide Holdings Inc. Common Stock

horizon 10dρ +0.47holdout +0.47stable 75%robust

Changed this quarter

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

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.58recent -0.19prior +0.39beyond mkt +0.02

HZO MarineMax, Inc.

Δ -0.41recent -0.02prior +0.39beyond mkt +0.02

MEAR iShares Short Maturity Municipal Bond Active ETF

Δ +0.40recent +0.71prior +0.31beyond mkt +0.12

VMI Valmont Industries, Inc.

Δ -0.39recent +0.03prior +0.42beyond mkt +0.01

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

Δ +0.38recent +0.66prior +0.28beyond mkt +0.08

PAYO Payoneer Global Inc. Common Stock

Δ -0.37recent -0.04prior +0.32beyond mkt -0.04

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
MUB iShares National Muni Bond ETF	+0.56	+0.75	25