Looking to diversify beyond MUND? The ETFs below have the lowest correlation with MUND — 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 MUND.
Best Diversifiers for MUND
1 ETFs have low correlation with MUND (below 0.3), 0 of which are negatively correlated. The least correlated is FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) (Inflation-Protected Bonds) with a 1Y correlation of 0.19, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FlexShares iBoxx 3-Year Target Duration TIPS Index... | 0.19 | 0.19 | 0.19 | 67 | Inflation-Protected Bonds | MUND vs TDTT | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 0.43 | 0.43 | 0.43 | 75 | Municipal Bonds | MUND vs RVNU | |
| Vanguard Tax-Exempt Bond ETF | 0.44 | 0.44 | 0.44 | 77 | Municipal Bonds | MUND vs VTEB |
Diversification Analysis
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