The Nuveen S&P High Yield Municipal Bond fund is an exchange traded fund (ETF) within the SPDR family. There are at least 2 funds that are incredibly highly correlated with HYMB.
Within the SPDR family of funds, the most positively correlated other funds are Nuveen Barclays California Municipal Bond, Nuveen Barclays New York Municipal Bond, Nuveen Barclays Build America Bond, Nuveen Barclays Municipal Bond, Barclays Issuer Scored Corporate Bond.
Outside of the SPDR 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 - New Jersey Long-Term Tax-Exempt, PowerShares - Build America Bond Portfolio, Vanguard Mutual Funds - New Jersey Long-Term Tax-Exempt Admiral Shares.
|VWAHX||Vanguard Mutual Funds||High-Yield Tax-Exempt||99.1%|
|VWALX||Vanguard Mutual Funds||High-Yield Tax-Exempt Admiral Shares||99.1%|
|VNJTX||Vanguard Mutual Funds||New Jersey Long-Term Tax-Exempt||99.0%|
|BAB||PowerShares||Build America Bond Portfolio||99.0%|
|VNJUX||Vanguard Mutual Funds||New Jersey Long-Term Tax-Exempt Admiral Shares||99.0%|
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