Looking to diversify beyond ISCMF? The ETFs below have the lowest correlation with ISCMF — 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 ISCMF.
Best Diversifiers for ISCMF
2051 ETFs have low correlation with ISCMF (below 0.3), 1677 of which are negatively correlated. The least correlated is First Trust New York High Income Municipal ETF (FMNY) (Municipal Bonds) with a 1Y correlation of -0.17, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust New York High Income Municipal ETF | -0.17 | -0.04 | — | 77 | Municipal Bonds | ISCMF vs FMNY | |
| VanEck Intermediate Muni ETF | -0.16 | -0.08 | -0.04 | 66 | Municipal Bonds | ISCMF vs ITM | |
| VanEck Emerging Markets Bond ETF | -0.15 | -0.03 | — | 73 | Emerging Markets Bonds | ISCMF vs EMBX | |
| Vanguard Intermediate-Term Tax-Exempt Bond ETF | -0.15 | -0.01 | -0.01 | 74 | Municipal Bonds | ISCMF vs VTEI | |
| iShares High Yield Muni Active ETF | -0.15 | -0.01 | -0.01 | 73 | High Yield Muni | ISCMF vs HIMU |
See all 2051 diversifiers for ISCMF
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