Looking to diversify beyond MUU? The ETFs below have the lowest correlation with MUU — 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 MUU.
Best Diversifiers for MUU
245 ETFs have low correlation with MUU (below 0.3), 36 of which are negatively correlated. The least correlated is Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) (Municipal Bonds) with a 1Y correlation of -0.80, roughly unchanged from -0.80 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2026 Municipal Bond ETF | -0.80 | -0.80 | -0.80 | 89 | Municipal Bonds | MUU vs BSMQ | |
| Franklin Ultra Short Bond ETF | -0.80 | -0.80 | -0.80 | 94 | Ultrashort Bond | MUU vs FLUD | |
| Avantis Inflation Focused Equity ETF | -0.40 | -0.40 | -0.40 | 80 | Large Cap Blend Equities | MUU vs AVIE | |
| Brandes U.S. Value ETF | -0.40 | -0.40 | -0.40 | 54 | Large Cap Value Equities | MUU vs BUSA | |
| Main Buywrite ETF | -0.40 | -0.40 | -0.40 | 77 | Derivative Income | MUU vs BUYW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MUU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MUU and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -1.00 | -1.00 | -1.00 | 75 | Healthcare | |
| Astronics Corporation | -1.00 | -1.00 | -1.00 | 96 | Industrials | |
| Chubb Limited | -1.00 | -1.00 | -1.00 | 69 | Financial Services | |
| Corvus Pharmaceuticals, Inc. | -1.00 | -1.00 | -1.00 | 90 | Healthcare | |
| Quanta Services, Inc. | -1.00 | -1.00 | -1.00 | 92 | Industrials |
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