Looking to diversify beyond MUB? The ETFs below have the lowest correlation with MUB — 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 MUB.
Best Diversifiers for MUB
827 ETFs have low correlation with MUB (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.38 | -0.41 | 61 | Leveraged Currency | MUB vs YCS | |
| VanEck Commodity Strategy ETF | -0.24 | -0.08 | — | 55 | Commodities | MUB vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | -0.08 | -0.06 | 70 | Commodities | MUB vs FAAR | |
| Bastion Energy ETF | -0.22 | -0.22 | -0.22 | 75 | Energy Equities | MUB vs BESF | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.21 | — | — | 50 | Commodities | MUB vs CERY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MUB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MUB and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.19, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.19 | -0.06 | -0.08 | 61 | Energy | |
| Exxon Mobil Corporation | -0.19 | -0.03 | -0.07 | 68 | Energy | |
| Chevron Corporation | -0.17 | -0.02 | -0.06 | 68 | Energy | |
| Enterprise Products Partners L.P. | -0.17 | 0.05 | 0.04 | 82 | Energy | |
| Energy Transfer LP | -0.15 | 0.01 | -0.02 | 67 | Energy |
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