The Insured California Municipal Bond Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. There are 18 other funds we track which provide a return similar to PWZ.

Within the PowerShares family of funds, the most positively correlated other funds are Insured National Municipal Bond Portfolio, Insured New York Municipal Bond Portfolio, Build America Bond Portfolio, Fundamental Investment Grade Corporate Bond Portfolio, Active U.S. Real Estate Fund.

Outside of the PowerShares family, the most positively correlated other funds are Vanguard Mutual Funds - California Long-Term Tax-Exempt, Vanguard Mutual Funds - California Long-Term Tax-Exempt Admiral Shares, Vanguard Mutual Funds - Long-Term Tax-Exempt, Vanguard Mutual Funds - High-Yield Tax-Exempt Admiral Shares, Vanguard Mutual Funds - Long-Term Tax-Exempt Admiral Shares.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to PowerShares's Insured California Municipal Bond Portfolio fund.
99.8% PZA PowerShares Insured National Municipal Bond Portfolio
99.7% VCITX Vanguard Mutual Funds California Long-Term Tax-Exempt
99.7% VCLAX Vanguard Mutual Funds California Long-Term Tax-Exempt Admiral Shares
99.6% PZT PowerShares Insured New York Municipal Bond Portfolio
99.5% VWLTX Vanguard Mutual Funds Long-Term Tax-Exempt
99.5% VWALX Vanguard Mutual Funds High-Yield Tax-Exempt Admiral Shares
99.5% VWLUX Vanguard Mutual Funds Long-Term Tax-Exempt Admiral Shares
99.5% VWAHX Vanguard Mutual Funds High-Yield Tax-Exempt
99.5% VPAIX Vanguard Mutual Funds Pennsylvania Long-Term Tax-Exempt
99.4% VNYTX Vanguard Mutual Funds New York Long-Term Tax-Exempt
99.4% VNYUX Vanguard Mutual Funds New York Long-Term Tax-Exempt Admiral Shares
99.4% VPALX Vanguard Mutual Funds Pennsylvania Long-Term Tax-Exempt Admiral Shares
99.3% VOHIX Vanguard Mutual Funds Ohio Long-Term Tax-Exempt
99.3% CXA SPDR Nuveen Barclays California Municipal Bond
99.2% VNJTX Vanguard Mutual Funds New Jersey Long-Term Tax-Exempt
99.2% VNJUX Vanguard Mutual Funds New Jersey Long-Term Tax-Exempt Admiral Shares
99.2% VMATX Vanguard Mutual Funds Massachusetts Tax-Exempt
99.0% CMF iShares California AMT-Free Muni Bond ETF

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
PZA PowerShares Insured National Municipal Bond Portfolio 99.8%
PZT PowerShares Insured New York Municipal Bond Portfolio 99.6%
BAB PowerShares Build America Bond Portfolio 98.0%
PFIG PowerShares Fundamental Investment Grade Corporate Bond Portfolio 96.7%
PSR PowerShares Active U.S. Real Estate Fund 96.2%
Negatively Correlated PowerShares funds
LALT PowerShares Multi-Strategy Alternative Portfolio -80.1%
UDN PowerShares DB US Dollar Index Bearish Fund -66.3%
PBW PowerShares WilderHill Clean Energy Portfolio -63.1%
DBO PowerShares DB Oil Fund -63.0%
DBC PowerShares DB Commodity Index Tracking Fund -56.6%

Positively Correlated Non-PowerShares funds
VCITX Vanguard Mutual Funds California Long-Term Tax-Exempt 99.7%
VCLAX Vanguard Mutual Funds California Long-Term Tax-Exempt Admiral Shares 99.7%
VWLTX Vanguard Mutual Funds Long-Term Tax-Exempt 99.5%
VWALX Vanguard Mutual Funds High-Yield Tax-Exempt Admiral Shares 99.5%
VWLUX Vanguard Mutual Funds Long-Term Tax-Exempt Admiral Shares 99.5%
Negatively Correlated Non-PowerShares funds
ERUS iShares MSCI Russia Capped ETF -88.9%
QESP SPDR MSCI Spain Quality Mix -88.1%
RBL SPDR S&P Russia -86.5%
QAT iShares MSCI Qatar Capped ETF -84.2%
EWZS iShares MSCI Brazil Small-Cap ETF -83.3%

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