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PowerShares Insured National Municipal Bond P (PZA) - ETF


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol293k
52 wk High26.64
52 wk Low24.21
Inception:Oct 2007
(as of 2016-07-29)
Total Returns:
1 day0.2%
5 day0.2%
1 month-0.6%
3 month2.2%
6 month3.8%
9 month6.8%
1 year8.1%
Compare Funds:
Correlated Group: Fixed Income (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
Market Vectors Long MuniMLN0.73  
Market Vectors - Intermediate Muni IndexITM0.72  
SPDR Barclays Municipal Bond ETFTFI0.70  
PowerShares 1-30 Laddered Treasury PortPLW0.61  
Vanguard Tax-Exempt Bond ETFVTEB0.61  
iShares Barclays 10-20 Year Treasury Bond FundTLH0.61  
iShares Barclays 7-10 Year Treasury Bond FundIEF0.60  
ProShares Ultra 7-10 Year TreasuryUST0.59  
Schwab Short-Term U.S. Treasury ETFSCHO0.59  
iShares S&P California Municipal Bond FundCMF0.59  
Least Correlated
AdvisorShares Newfleet Multi-Sector IncomeMINC0.03  
Market Vectors Junior Gold Miners ETFGDXJ0.03  
PowerShares Global Gold & Prec MetalsPSAU0.02  
PureFunds Junior SilverSILJ0.02  
Global X Silver Miners ETFSIL0.01  
iShares FTSE NAREIT Residential Index Fund REZ-0.01  
Guggenheim S&P Equal Weight Utilities ETFRYU-0.01  
CurrencyShares Swiss FrancFXF-0.01  
PowerShares Var Rate Preferred ETFVRP-0.03  
Guggenheim Ultra Short BondGSY-0.03  
Most Inversely Correlated
iShares MSCI Europe FinancialsEUFN-0.46  
iShares MSCI Spain Index FundEWP-0.47  
FlexShares Mrngstr Dvlpd Mkts ex US Fctr TiltTLTD-0.47  
ProShares Short 20+ Year TreasuryTBF-0.55  
Direxion Daily 20+ Yr Trs Bear 3X SharesTMV-0.57  
ProShares UltraShort Lehman 20+ TrsyTBT-0.57  
ProShares UltraPro Short 20+ Year Treasury ETFTTT-0.57  
ProShares UltraShort Lehman 7-10 Yr TrsyPST-0.59  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2016-07-22.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.

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