The Insured New York Municipal Bond Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. There are at least 5 funds that are incredibly highly correlated with PZT.

Within the PowerShares family of funds, the most positively correlated other funds are Insured National Municipal Bond Portfolio, Insured California Municipal Bond Portfolio, Build America Bond Portfolio, Emerging Markets Sovereign Debt Portfolio, Active U.S. Real Estate Fund.

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

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to PowerShares's Insured New York Municipal Bond Portfolio fund.
99.8% PZA PowerShares Insured National Municipal Bond Portfolio
99.6% PWZ PowerShares Insured California Municipal Bond Portfolio
99.1% VWAHX Vanguard Mutual Funds High-Yield Tax-Exempt
99.1% VWALX Vanguard Mutual Funds High-Yield Tax-Exempt Admiral Shares
99.0% VCITX Vanguard Mutual Funds California Long-Term Tax-Exempt

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
PZA PowerShares Insured National Municipal Bond Portfolio 99.8%
PWZ PowerShares Insured California Municipal Bond Portfolio 99.6%
BAB PowerShares Build America Bond Portfolio 97.6%
PCY PowerShares Emerging Markets Sovereign Debt Portfolio 96.1%
PSR PowerShares Active U.S. Real Estate Fund 95.5%
Negatively Correlated PowerShares funds
LALT PowerShares Multi-Strategy Alternative Portfolio -80.0%
UDN PowerShares DB US Dollar Index Bearish Fund -63.9%
PBW PowerShares WilderHill Clean Energy Portfolio -61.9%
DBO PowerShares DB Oil Fund -60.5%
EELV PowerShares S&P Emerging Markets Low Volatility Portfolio -54.0%

Positively Correlated Non-PowerShares funds
VWAHX Vanguard Mutual Funds High-Yield Tax-Exempt 99.1%
VWALX Vanguard Mutual Funds High-Yield Tax-Exempt Admiral Shares 99.1%
VCITX Vanguard Mutual Funds California Long-Term Tax-Exempt 99.0%
VCLAX Vanguard Mutual Funds California Long-Term Tax-Exempt Admiral Shares 99.0%
VWLTX Vanguard Mutual Funds Long-Term Tax-Exempt 99.0%
Negatively Correlated Non-PowerShares funds
QESP SPDR MSCI Spain Quality Mix -87.3%
ERUS iShares MSCI Russia Capped ETF -87.0%
RBL SPDR S&P Russia -85.1%
QAT iShares MSCI Qatar Capped ETF -83.6%
CMDT iShares Commodity Optimized Trust -82.3%

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