The iBonds® Sep 2016 AMT-Free Muni Bond ETF fund is an exchange traded fund (ETF) within the iShares family. There is at least 1 fund that is incredibly highly correlated with IBME.

Within the iShares family of funds, the most positively correlated other funds are iBonds® Sep 2017 AMT-Free Muni Bond ETF, Short-Term National AMT-Free Muni Bond ETF, Intermediate Government/Credit Bond ETF, Intermediate Credit Bond ETF, Core U.S. Credit Bond ETF.

Outside of the iShares family, the most positively correlated other funds are SPDR - Nuveen Barclays Short Term Municipal Bond, Vanguard Mutual Funds - Short-Term Federal, Vanguard Mutual Funds - Short-Term Tax-Exempt, Vanguard Mutual Funds - Short-Term Federal Admiral Shares, Vanguard Mutual Funds - Intermediate-Term Bond Index Admiral Shares.

Extremely Similar Fund

There is one fund which has a greater than 99% correlation to iShares's iBonds® Sep 2016 AMT-Free Muni Bond ETF fund: iShares - iBonds® Sep 2017 AMT-Free Muni Bond ETF. The correlation between their daily movements is 99.3%.

Performance for the previous 2 years


Positively Correlated iShares ETFs
IBMF iShares iBonds® Sep 2017 AMT-Free Muni Bond ETF 99.3%
SUB iShares Short-Term National AMT-Free Muni Bond ETF 96.3%
GVI iShares Intermediate Government/Credit Bond ETF 94.7%
CIU iShares Intermediate Credit Bond ETF 94.0%
CRED iShares Core U.S. Credit Bond ETF 93.4%
Negatively Correlated iShares funds
RING iShares MSCI Global Gold Miners ETF -81.5%
SLVP iShares MSCI Global Silver Miners ETF -79.4%
EWZ iShares MSCI Brazil Capped ETF -73.4%
ICLN iShares Global Clean Energy ETF -72.6%
EMEY iShares MSCI Emerging Markets Energy Capped ETF -70.3%

Positively Correlated Non-iShares funds
SHM SPDR Nuveen Barclays Short Term Municipal Bond 94.4%
VSGBX Vanguard Mutual Funds Short-Term Federal 94.2%
VWSTX Vanguard Mutual Funds Short-Term Tax-Exempt 94.2%
VSGDX Vanguard Mutual Funds Short-Term Federal Admiral Shares 94.0%
VBILX Vanguard Mutual Funds Intermediate-Term Bond Index Admiral Shares 93.9%
Negatively Correlated Non-iShares funds
VRD SPDR Nuveen S&P VRDO Municipal Bond -90.8%
PBW PowerShares WilderHill Clean Energy Portfolio -79.8%
DBB PowerShares DB Base Metals Fund -75.2%
BIL SPDR Barclays 1-3 Month T-Bill -74.7%
VGPMX Vanguard Mutual Funds Precious Metals and Mining -74.2%

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