Looking to diversify beyond MUNX? The ETFs below have the lowest correlation with MUNX — 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 MUNX.
Best Diversifiers for MUNX
2 ETFs have low correlation with MUNX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Dec 2026 Term Muni Bond ETF | 0.17 | 0.17 | 0.17 | 89 | Municipal Bonds | MUNX vs IBMO | |
| First Trust Ultra Short Duration Municipal ETF | 0.25 | 0.25 | 0.25 | 97 | Municipal Bonds, Ultrashort Bond | MUNX vs FUMB | |
| Invesco BulletShares 2027 Municipal Bond ETF | 0.33 | 0.33 | 0.33 | 94 | Municipal Bonds | MUNX vs BSMR | |
| iShares Short Maturity Municipal Bond ETF | 0.41 | 0.41 | 0.41 | 96 | Municipal Bonds | MUNX vs MEAR | |
| First Trust Flexible Municipal High Income ETF | 0.53 | 0.53 | 0.53 | 82 | Municipal Bonds | MUNX vs MFLX |
See all 11 diversifiers for MUNX
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