Looking to diversify beyond MUA? The mutual funds below have the lowest correlation with MUA — 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 MUA.
Best Diversifiers for MUA
16 mutual funds have low correlation with MUA (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.03 | 0.07 | 0.08 | 99 | Municipal Bonds | MUA vs ATOIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.04 | 0.03 | 0.01 | 92 | Long-Short | MUA vs BDMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.05 | 0.06 | 0.08 | 98 | Municipal Bonds | MUA vs TFCYX | |
| DFA California Short Term Municipal Bond Portfolio | 0.05 | 0.14 | 0.19 | 99 | Municipal Bonds | MUA vs DFCMX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.06 | -0.07 | -0.11 | 67 | Systematic Trend | MUA vs ASFYX |
See all 24 diversifiers for MUA
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