Looking to diversify beyond MUNI? The ETFs below have historically moved differently from MUNI, 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 MUNI
861 ETFs have low correlation with MUNI (below 0.3), 102 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.38, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.38 | -0.19 | -0.12 | 58 | Oil & Gas | MUNI vs DBO | |
| Invesco DB Energy Fund | -0.36 | -0.19 | -0.11 | 72 | Oil & Gas | MUNI vs DBE | |
| United States Brent Oil Fund LP | -0.36 | -0.19 | -0.11 | 52 | Oil & Gas | MUNI vs BNO | |
| ProShares UltraShort Yen | -0.33 | -0.35 | -0.34 | 56 | Leveraged Currency | MUNI vs YCS | |
| United States Oil Fund LP | -0.33 | -0.19 | -0.11 | 55 | Oil & Gas | MUNI vs USO |
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