Looking to diversify beyond AMUB? The ETFs below have the lowest correlation with AMUB — 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 AMUB.
Best Diversifiers for AMUB
2009 ETFs have low correlation with AMUB (below 0.3), 746 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.25, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.25 | -0.03 | — | 99 | Ultrashort Bond | AMUB vs BKUI | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.22 | -0.02 | — | 64 | Municipal Bonds | AMUB vs BSMW | |
| Roundhill Weekly T-Bill ETF | -0.21 | — | — | 99 | Ultrashort Bond | AMUB vs WEEK | |
| IQ MacKay Municipal Insured ETF | -0.21 | -0.02 | -0.01 | 74 | Municipal Bonds | AMUB vs MMIN | |
| Vanguard Tax-Exempt Bond ETF | -0.20 | 0.02 | 0.01 | 73 | Municipal Bonds | AMUB vs VTEB |
See all 2078 diversifiers for AMUB
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