Looking to diversify beyond TMNL? The ETFs below have the lowest correlation with TMNL — 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 TMNL.
Best Diversifiers for TMNL
2 ETFs have low correlation with TMNL (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) (Municipal Bonds) with a 1Y correlation of 0.16, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2026 Municipal Bond ETF | 0.16 | 0.16 | 0.16 | 85 | Municipal Bonds | TMNL vs BSMQ | |
| State Street My2026 Municipal Bond ETF | 0.24 | — | — | 96 | Municipal Bonds | TMNL vs MYMF | |
| First Trust Flexible Municipal High Income ETF | 0.45 | 0.45 | 0.45 | 71 | Municipal Bonds | TMNL vs MFLX | |
| State Street My2027 Municipal Bond ETF | 0.52 | 0.52 | 0.52 | 97 | Municipal Bonds | TMNL vs MYMG |
Diversification Analysis
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