The Barclays Mortgage Backed Bond fund is an exchange traded fund (ETF) within the SPDR family. There are at least 11 funds that are incredibly highly correlated with MBG.

Within the SPDR family of funds, the most positively correlated other funds are Nuveen Barclays Short Term Municipal Bond, Barclays Intermediate Term Treasury, Barclays Intermediate Term Corporate Bond, Nuveen Barclays Municipal Bond, Nuveen Barclays Build America Bond.

Outside of the SPDR family, the most positively correlated other funds are iShares - MBS ETF, Vanguard Mutual Funds - GNMA Admiral Shares, Vanguard Mutual Funds - GNMA, Vanguard - Mortgage-Backed Securities, Vanguard Mutual Funds - Mortgage-Backed Securities Index Admiral Shares.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to SPDR's Barclays Mortgage Backed Bond fund.
99.9% MBB iShares MBS ETF
99.8% VFIJX Vanguard Mutual Funds GNMA Admiral Shares
99.8% VFIIX Vanguard Mutual Funds GNMA
99.8% VMBS Vanguard Mortgage-Backed Securities
99.7% VMBSX Vanguard Mutual Funds Mortgage-Backed Securities Index Admiral Shares
99.5% AGZ iShares Agency Bond ETF
99.4% BND Vanguard Total Bond Market
99.4% AGG iShares Core U.S. Aggregate Bond ETF
99.3% FBIDX Fidelity Spartan U.S. Bond Index Fund - Investor Class
99.3% VBTLX Vanguard Mutual Funds Total Bond Market Index Admiral Shares
99.0% BIV Vanguard Intermediate-Term Bond

Performance for the previous 2 years


Negatively Correlated SPDR funds
QESP SPDR MSCI Spain Quality Mix -86.7%
EDIV SPDR S&P Emerging Markets Dividend -83.6%
BIL SPDR Barclays 1-3 Month T-Bill -83.6%
RBL SPDR S&P Russia -80.9%
GNR SPDR S&P Global Natural Resources -76.1%

Positively Correlated Non-SPDR funds
MBB iShares MBS ETF 99.9%
VFIJX Vanguard Mutual Funds GNMA Admiral Shares 99.8%
VFIIX Vanguard Mutual Funds GNMA 99.8%
VMBS Vanguard Mortgage-Backed Securities 99.8%
VMBSX Vanguard Mutual Funds Mortgage-Backed Securities Index Admiral Shares 99.7%
Negatively Correlated Non-SPDR funds
ERUS iShares MSCI Russia Capped ETF -89.3%
CMDT iShares Commodity Optimized Trust -87.3%
EWZS iShares MSCI Brazil Small-Cap ETF -86.2%
LALT PowerShares Multi-Strategy Alternative Portfolio -85.3%
EMEY iShares MSCI Emerging Markets Energy Capped ETF -84.4%

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