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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 Vol48k
52 wk High26.44
52 wk Low24.36
Inception:Oct 2007
(as of 2017-12-12)
Total Returns:
1 day-0.2%
5 day0.1%
1 month0.4%
3 month0.6%
6 month1.3%
9 month5.7%
1 year6.2%
Compare Funds:
Correlated Group: Fixed Income (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
Vanguard Tax-Exempt Bond ETFVTEB0.66  
SPDR Barclays Municipal Bond ETFTFI0.66  
PowerShares Insured National Municipal Bond PPZA0.63  
iShares S&P California Municipal Bond FundCMF0.62  
iShares S&P National Municipal Bond FundMUB0.62  
First Trust Managed Muni ETFFMB0.55  
SPDR Barclays Short Term Municipal Bond ETFSHM0.54  
VanEck Vectors - Intermediate Muni IndexITM0.53  
Vanguard Total Intl Bond ETFBNDX0.48  
SPDR Portfolio L.T. Corp BondsSPLB0.43  
Least Correlated
iShares MSCI Global Select Metals & Mining ProducePICK0.00  
First Trust Utilities AlphaDEX FundFXU0.00  
SPDR Dividend ETFSDY0.00  
Guggenheim S&P Equal Weight Industrials ETFRGI0.00  
First Trust Mid Cap Core AlphaDEX FundFNX0.00  
PowerShares S&P Emerging Mkts High Beta ETFEEMO-0.00  
iShares US Consumer SvcsIYC-0.00  
WisdomTree MidCap DivDON-0.00  
Schwab U.S. Mid-Cap ETF SCHM-0.00  
PowerShares DWA SmCp Technical LdrsDWAS-0.00  
Most Inversely Correlated
PowerShares KBW Bank Portfolio ETFKBWB-0.25  
PowerShares KBW Regional Banking ETFKBWR-0.25  
iShares MSCI Europe FinancialsEUFN-0.25  
First Trust Nasdaq Bank ETFFTXO-0.25  
ProShares UltraShort YenYCS-0.25  
SPDR Portfolio Mid CapSPMD-0.33  
ProShares UltraPro Short 20+ Year Treasury ETFTTT-0.41  
ProShares UltraShort Lehman 20+ TrsyTBT-0.42  
Direxion Daily 20+ Yr Trs Bear 3X SharesTMV-0.42  
ProShares Short 20+ Year TreasuryTBF-0.43  
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: 2017-12-08.

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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