Looking to diversify beyond MUNC? The ETFs below have the lowest correlation with MUNC — 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 MUNC.
Best Diversifiers for MUNC
4 ETFs have low correlation with MUNC (below 0.3), 0 of which are negatively correlated. The least correlated is FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) (Natural Resources) with a 1Y correlation of 0.05, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FlexShares Morningstar Global Upstream Natural Res... | 0.05 | 0.05 | 0.05 | 53 | Natural Resources | MUNC vs GUNR | |
| FlexShares US Quality Low Volatility Index Fund | 0.22 | 0.22 | 0.22 | 55 | Volatility Hedged Equity | MUNC vs QLV | |
| State Street My2026 Municipal Bond ETF | 0.25 | 0.25 | 0.25 | 97 | Municipal Bonds | MUNC vs MYMF | |
| FlexShares US Quality Large Cap Index Fund | 0.27 | 0.27 | 0.27 | 73 | Large Cap Blend Equities | MUNC vs QLC | |
| FlexShares International Quality Dividend Dynamic ... | 0.32 | 0.32 | 0.32 | 76 | Foreign Large Cap Equities, Dividend | MUNC vs IQDY |
See all 11 diversifiers for MUNC
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