Looking to diversify beyond ZMUN? The ETFs below have the lowest correlation with ZMUN — 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 ZMUN.
Best Diversifiers for ZMUN
2 ETFs have low correlation with ZMUN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street My2030 Municipal Bond ETF (MYMJ) (Municipal Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street My2030 Municipal Bond ETF | 0.23 | 0.23 | 0.23 | 82 | Municipal Bonds | ZMUN vs MYMJ | |
| Vanguard Core Tax-Exempt Bond ETF | 0.27 | 0.27 | 0.27 | 83 | Municipal Bonds | ZMUN vs VCRM |
Diversification Analysis
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