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PowerShares Insured California Municipal Bond (PWZ) - ETF


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

ETF Symbol:
Avg Vol53k
52 wk High26.12
52 wk Low25.10
Inception:Oct 2007
(as of 2018-05-23)
Total Returns:
1 day0.4%
5 day0.2%
1 month1.0%
3 month1.0%
6 month-0.6%
9 month-0.2%
1 year1.8%
Compare Funds:
Correlated Group: Fixed Income (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
SPDR Barclays Municipal Bond ETFTFI0.71  
PowerShares Insured National Municipal Bond PPZA0.68  
Vanguard Tax-Exempt Bond ETFVTEB0.67  
iShares S&P National Municipal Bond FundMUB0.66  
VanEck Vectors - Intermediate Muni IndexITM0.65  
iShares S&P New York Municipal Bond FundNYF0.64  
First Trust Managed Muni ETFFMB0.60  
VanEck Vectors Long MuniMLN0.60  
iShares S&P California Municipal Bond FundCMF0.58  
Vanguard Extended Dur Treas IdxEDV0.54  
Least Correlated
PIMCO Enhanced Short Maturity Strgy ETFMINT0.00  
VanEck Vectors Intl High Yield Bond ETFIHY0.00  
Guggenheim S&P Global Water ETFCGW0.00  
Vanguard Emerging Markets VIPERsVWO0.00  
iShares MSCI Germany Index FundEWG0.00  
Schwab Intl Small-Cap EquitySCHC-0.00  
iShares MSCI Emerging Markets Asia ETFEEMA-0.00  
iShares FactorSelect MSCI Intl ETFINTF-0.00  
ETFS Bloomberg All Commodity Strtgy ETFBCI-0.00  
iShares MSCI Taiwan Index FundEWT-0.00  
Most Inversely Correlated
IQ Chaikin US Small Cap ETFCSML-0.28  
First Trust Nasdaq Bank ETFFTXO-0.28  
Direxion Daily Regional Banks Bull 3XDPST-0.28  
Direxion Daily Aero & Defense Bull 3x SharesDFEN-0.34  
ProShares Short 7-10 Year Treasury TBX-0.48  
ProShares UltraShort Lehman 7-10 Yr TrsyPST-0.48  
ProShares UltraShort Lehman 20+ TrsyTBT-0.51  
Direxion Daily 20+ Yr Trs Bear 3X SharesTMV-0.52  
ProShares UltraPro Short 20+ Year Treasury ETFTTT-0.52  
ProShares Short 20+ Year TreasuryTBF-0.53  
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: 2018-05-18.

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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