Looking to diversify beyond MUNI? The ETFs below have the lowest correlation with MUNI — 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 MUNI.
Best Diversifiers for MUNI
864 ETFs have low correlation with MUNI (below 0.3), 48 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.34 | -0.35 | 63 | Leveraged Currency | MUNI vs YCS | |
| United States Gasoline Fund LP | -0.31 | -0.13 | -0.07 | 55 | Oil & Gas | MUNI vs UGA | |
| Bastion Energy ETF | -0.25 | — | — | 84 | Energy Equities | MUNI vs BESF | |
| VanEck Commodity Strategy ETF | -0.20 | -0.07 | -0.06 | 57 | Commodities | MUNI vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.20 | -0.04 | -0.04 | 75 | Commodities | MUNI vs FAAR |
See all 1465 diversifiers for MUNI
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