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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 Vol76k
52 wk High26.34
52 wk Low24.53
Inception:Oct 2007
(as of 2018-02-16)
Total Returns:
1 day0.0%
5 day-0.3%
1 month-1.5%
3 month-1.3%
6 month-0.7%
9 month1.4%
1 year4.6%
Compare Funds:
Correlated Group: Fixed Income (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
SPDR Barclays Municipal Bond ETFTFI0.72  
PowerShares Insured National Municipal Bond PPZA0.64  
Vanguard Tax-Exempt Bond ETFVTEB0.63  
iShares S&P National Municipal Bond FundMUB0.61  
iShares S&P New York Municipal Bond FundNYF0.60  
VanEck Vectors Long MuniMLN0.59  
iShares S&P California Municipal Bond FundCMF0.59  
VanEck Vectors - Intermediate Muni IndexITM0.59  
First Trust Managed Muni ETFFMB0.53  
Vanguard Total Intl Bond ETFBNDX0.47  
Least Correlated
iShares US Oil & Gas Expl & ProdIEO0.00  
SPDR Portfolio Large CapSPLG0.00  
iShares Barclays 0-5 Year TIPS Bond STIP0.00  
Direxion Dly S&P Oil & Gas E&P Bull 3X ETFGUSH0.00  
ProShares Credit Suisse 130/30CSM0.00  
First Trust ISE-Revere Natural Gas Index FundFCG0.00  
Direxion Dly S&P Oil & Gas E&P Bear 3X ETFDRIP-0.00  
iShares MSCI USA Momentum Factor ETFMTUM-0.00  
Vanguard MaterialsVAW-0.00  
ARK Industrial Innovation ETFARKQ-0.00  
Most Inversely Correlated
SPDR KBW Regional BankingKRE-0.21  
Direxion Daily Regional Banks Bull 3XDPST-0.22  
PowerShares KBW Regional Banking ETFKBWR-0.24  
ProShares Short 7-10 Year Treasury TBX-0.34  
ProShares UltraShort Lehman 7-10 Yr TrsyPST-0.37  
iPath US Treasury 10-year Bear ETN DTYS-0.39  
ProShares UltraPro Short 20+ Year Treasury ETFTTT-0.43  
Direxion Daily 20+ Yr Trs Bear 3X SharesTMV-0.44  
ProShares UltraShort Lehman 20+ TrsyTBT-0.44  
ProShares Short 20+ Year TreasuryTBF-0.45  
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: 2018-02-16.

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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