BMN vs MYI: Correlation
Measured on weekly returns over the past three years, BlackRock 2037 Municipal Target Term Trust (BMN) and Blackrock MuniYield Quality Fund III, Inc (MYI) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMN and MYI?
Across a 3-year window, the weekly returns of BMN and MYI correlate at 0.53, moderate. The past 12 months show a weaker link (0.42) than the 3-year average (0.53). Stretching to 5 years gives 0.46, with an annualized covariance of 58.2 %².
Few assets follow BMN as closely as MYI, which ranks #1 of 10 tracked partners. Twelve-month performance is nearly a tie, at +10.9% for BMN and +8.7% for MYI.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BMN vs MYI: side by side
| BMN (BlackRock 2037 Municipal Target Term Trust) | MYI (Blackrock MuniYield Quality Fund III, Inc) | |
|---|---|---|
| 1-year return | +10.9% | +8.7% |
| 5-year return | n/a | -5.8% |
| Volatility (ann.) | 9.4% | 11.8% |
| Beta vs S&P 500 | 0.18 | 0.30 |
| Max drawdown (3Y) | -9.3% | -11.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 22.7 | 28.3 |
| Dividend yield | 0.00% | 6.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMN | MYI |
|---|---|---|
| 2022 | – | -20.5% |
| 2023 | +1.9% | +8.8% |
| 2024 | +12.7% | +0.6% |
| 2025 | +5.5% | +4.8% |
| 2026 | +4.2% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMN and MYI good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BMN and MYI?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.42 over the last year and 0.46 over 5 years.
Is MYI a good diversifier for BMN?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bmn-vs-myi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bmn-vs-myi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BMN correlations · MYI correlations
