Looking to diversify beyond MYMK? The ETFs below have the lowest correlation with MYMK — 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 MYMK.
Best Diversifiers for MYMK
2 ETFs have low correlation with MYMK (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Ultra Short Municipal Income ETF (GUMI) (Municipal Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Ultra Short Municipal Income ETF | 0.06 | 0.06 | 0.06 | 93 | Municipal Bonds | MYMK vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | 0.18 | 0.18 | 0.18 | 96 | Municipal Bonds, Ultrashort Bond | MYMK vs FUMB |
Diversification Analysis
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