Looking to diversify beyond AMJB? The ETFs below have the lowest correlation with AMJB — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AMJB.
Best Diversifiers for AMJB
1978 ETFs have low correlation with AMJB (below 0.3), 1208 of which are negatively correlated. The least correlated is Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) (Municipal Bonds) with a 1Y correlation of -0.23, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.23 | -0.06 | -0.06 | 86 | Municipal Bonds | AMJB vs RVNU | |
| First Trust Flexible Municipal High Income ETF | -0.22 | — | — | 86 | Municipal Bonds | AMJB vs MFLX | |
| American Century California Municipal Bond ETF | -0.22 | -0.07 | -0.07 | 80 | Municipal Bonds | AMJB vs CATF | |
| ALPS Intermediate Municipal Bond ETF | -0.22 | -0.04 | -0.04 | 77 | Municipal Bonds | AMJB vs MNBD | |
| MFS Active Intermediate Muni Bond ETF | -0.21 | — | — | 82 | Municipal Bonds | AMJB vs MFSM |
See all 2049 diversifiers for AMJB
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