Looking to diversify beyond MUB? The ETFs below have historically moved differently from MUB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MUB
676 ETFs have low correlation with MUB (below 0.3), 99 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.40 | -0.19 | -0.13 | 72 | Oil & Gas | MUB vs DBE | |
| Invesco DB Oil Fund | -0.40 | -0.19 | -0.13 | 58 | Oil & Gas | MUB vs DBO | |
| United States Brent Oil Fund LP | -0.37 | -0.19 | -0.13 | 52 | Oil & Gas | MUB vs BNO | |
| United States Gasoline Fund LP | -0.36 | -0.18 | -0.11 | 87 | Oil & Gas | MUB vs UGA | |
| Invesco DB Commodity Index Tracking Fund | -0.36 | -0.15 | -0.08 | 71 | Commodities | MUB vs DBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MUB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.33, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.33 | -0.12 | -0.09 | 72 | Energy | |
| Exxon Mobil Corporation | -0.31 | -0.08 | -0.09 | 84 | Energy | |
| Chevron Corporation | -0.28 | -0.07 | -0.07 | 80 | Energy | |
| BP p.l.c. | -0.27 | -0.09 | -0.08 | 84 | Energy | |
| Devon Energy Corporation | -0.26 | -0.08 | -0.08 | 76 | Energy |
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