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
747 ETFs have low correlation with MUB (below 0.3), 64 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.33 | -0.16 | -0.11 | 72 | Oil & Gas | MUB vs UGA | |
| ProShares UltraShort Yen | -0.32 | -0.38 | -0.41 | 75 | Leveraged Currency | MUB vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.30 | -0.12 | -0.08 | 51 | Commodities | MUB vs PDBC | |
| United States Commodity Index Fund | -0.26 | -0.08 | -0.03 | 65 | Commodities | MUB vs USCI | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.26 | -0.08 | -0.03 | 65 | Commodities | MUB vs SDCI |
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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 -0.27, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.27 | -0.09 | -0.09 | 63 | Energy | |
| Exxon Mobil Corporation | -0.25 | -0.06 | -0.08 | 71 | Energy | |
| Chevron Corporation | -0.22 | -0.04 | -0.06 | 67 | Energy | |
| Devon Energy Corporation | -0.21 | -0.06 | -0.07 | 69 | Energy | |
| Occidental Petroleum Corporation | -0.20 | -0.05 | -0.05 | 60 | Energy |
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