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
1258 ETFs have low correlation with MUNI (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.35 | -0.35 | 63 | Leveraged Currency | MUNI vs YCS | |
| Invesco DB Oil Fund | -0.32 | -0.16 | -0.10 | 65 | Oil & Gas | MUNI vs DBO | |
| Invesco DB Energy Fund | -0.32 | -0.16 | -0.09 | 71 | Oil & Gas | MUNI vs DBE | |
| United States Gasoline Fund LP | -0.30 | -0.14 | -0.07 | 71 | Oil & Gas | MUNI vs UGA | |
| ProShares Ultra Bloomberg Crude Oil | -0.30 | -0.15 | -0.10 | 56 | Leveraged Commodities | MUNI vs UCO |
See all 1672 diversifiers for MUNI
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