Looking to diversify beyond THYM? The ETFs below have the lowest correlation with THYM — 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 THYM.
Best Diversifiers for THYM
1 ETFs have low correlation with THYM (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Floating Rate ETF (TFLR) (Bank Loan) with a 1Y correlation of 0.15, roughly unchanged from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Floating Rate ETF | 0.15 | 0.15 | — | 78 | Bank Loan | THYM vs TFLR | |
| SPDR Nuveen Municipal Bond ESG ETF | 0.40 | 0.40 | 0.40 | 54 | Municipal Bonds | THYM vs MBNE | |
| WisdomTree Core Laddered Municipal ETF | 0.44 | — | — | 70 | Municipal Bonds | THYM vs WTMU | |
| Invesco BulletShares 2033 Municipal Bond ETF | 0.48 | 0.48 | 0.48 | 59 | Municipal Bonds | THYM vs BSSX | |
| Goldman Sachs Dynamic New York Municipal Income ET... | 0.65 | 0.65 | 0.65 | 73 | Municipal Bonds | THYM vs GMNY |
See all 9 diversifiers for THYM
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