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FMN correlations (Federated Hermes Premier Municipal Income Fund)

FMN measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

11.1%

3y weekly

Beta vs S&P 500

0.24

3y weekly

1-year return

+9.5%

price, adjusted

5-year return

-12.8%

price, adjusted

Market cap

$0.1B

latest

P/E ratio

9.7

trailing

Dividend yield

4.57%

trailing

Max drawdown

-16.3%

3y, daily closes

FMN over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with FMN

Asset		Correlation (3Y)
LEO	BNY Mellon Strategic Municipals, Inc.	0.86
AFB	AllianceBernstein National Municipal Income Fund Inc	0.84
DSM	BNY Mellon Strategic Municipal Bond Fund, Inc.	0.84
MHD	Blackrock MuniHoldings Fund, Inc.	0.84
DMB	BNY Mellon Municipal Bond Infrastructure Fund, Inc.	0.84

These are the assets whose returns had the least to do with FMN's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.32
GNPX	Genprex, Inc.	-0.31
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.30

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/fmn.json

Correlations, diversifiers, beta and volatility for FMN, plus one endpoint per pair. API documentation.