The Build America Bond Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. There are at least 13 funds that are incredibly highly correlated with BAB.

Within the PowerShares family of funds, the most positively correlated other funds are Insured National Municipal Bond Portfolio, Insured California Municipal Bond Portfolio, Insured New York Municipal Bond Portfolio, 1-30 Laddered Treasury Portfolio, Fundamental Investment Grade Corporate Bond Portfolio.

Outside of the PowerShares family, the most positively correlated other funds are SPDR - Nuveen Barclays Build America Bond, Vanguard Mutual Funds - Long-Term Investment-Grade Admiral Shares, Vanguard Mutual Funds - Long-Term Investment-Grade, Vanguard Mutual Funds - Total Bond Market Index Admiral Shares, iShares - Core U.S. Aggregate Bond ETF.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to PowerShares's Build America Bond Portfolio fund.
99.6% BABS SPDR Nuveen Barclays Build America Bond
99.5% VWETX Vanguard Mutual Funds Long-Term Investment-Grade Admiral Shares
99.5% VWESX Vanguard Mutual Funds Long-Term Investment-Grade
99.4% VBTLX Vanguard Mutual Funds Total Bond Market Index Admiral Shares
99.4% AGG iShares Core U.S. Aggregate Bond ETF
99.3% FBIDX Fidelity Spartan U.S. Bond Index Fund - Investor Class
99.3% VWITX Vanguard Mutual Funds Intermediate-Term Tax-Exempt
99.3% VWIUX Vanguard Mutual Funds Intermediate-Term Tax-Exempt Admiral Shares
99.2% GBF iShares Government/Credit Bond ETF
99.1% VBLTX Vanguard Mutual Funds Long-Term Bond Index
99.1% VBILX Vanguard Mutual Funds Intermediate-Term Bond Index Admiral Shares
99.0% VCAIX Vanguard Mutual Funds California Intermediate-Term Tax-Exempt
99.0% BIV Vanguard Intermediate-Term Bond

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
PZA PowerShares Insured National Municipal Bond Portfolio 98.2%
PWZ PowerShares Insured California Municipal Bond Portfolio 98.0%
PZT PowerShares Insured New York Municipal Bond Portfolio 97.6%
PLW PowerShares 1-30 Laddered Treasury Portfolio 97.6%
PFIG PowerShares Fundamental Investment Grade Corporate Bond Portfolio 97.2%
Negatively Correlated PowerShares funds
DBB PowerShares DB Base Metals Fund -85.5%
PBW PowerShares WilderHill Clean Energy Portfolio -80.4%
PSAU PowerShares Global Gold and Precious Metals Portfolio -79.8%
LALT PowerShares Multi-Strategy Alternative Portfolio -69.5%
UDN PowerShares DB US Dollar Index Bearish Fund -69.0%

Positively Correlated Non-PowerShares funds
BABS SPDR Nuveen Barclays Build America Bond 99.6%
VWETX Vanguard Mutual Funds Long-Term Investment-Grade Admiral Shares 99.5%
VWESX Vanguard Mutual Funds Long-Term Investment-Grade 99.5%
VBTLX Vanguard Mutual Funds Total Bond Market Index Admiral Shares 99.4%
AGG iShares Core U.S. Aggregate Bond ETF 99.4%
Negatively Correlated Non-PowerShares funds
BIL SPDR Barclays 1-3 Month T-Bill -89.0%
ERUS iShares MSCI Russia Capped ETF -87.7%
EWZ iShares MSCI Brazil Capped ETF -86.4%
VRD SPDR Nuveen S&P VRDO Municipal Bond -84.8%
XME SPDR S&P Metals and Mining -83.6%

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