Looking to diversify beyond FMUN? The ETFs below have the lowest correlation with FMUN — 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 FMUN.
Best Diversifiers for FMUN
1630 ETFs have low correlation with FMUN (below 0.3), 59 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.19 | -0.19 | 63 | Leveraged Currency | FMUN vs YCS | |
| United States Gasoline Fund LP | -0.24 | -0.21 | -0.21 | 55 | Oil & Gas | FMUN vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.17 | — | — | 75 | Commodities | FMUN vs FAAR | |
| Bastion Energy ETF | -0.16 | — | — | 84 | Energy Equities | FMUN vs BESF | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | — | — | 99 | Ultrashort Bond | FMUN vs CSHP |
See all 1948 diversifiers for FMUN
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