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
17 ETFs have low correlation with ZMUN (below 0.3), 0 of which are negatively correlated. The least correlated is Mairs & Power Minnesota Municipal Bond ETF (MINN) (Municipal Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Mairs & Power Minnesota Municipal Bond ETF | 0.07 | 0.07 | 0.07 | 52 | Municipal Bonds | ZMUN vs MINN | |
| iShares iBonds Dec 2027 Term Muni Bond ETF | 0.13 | 0.13 | 0.13 | 86 | Municipal Bonds | ZMUN vs IBMP | |
| ALPS Intermediate Municipal Bond ETF | 0.13 | 0.13 | 0.13 | 73 | Municipal Bonds | ZMUN vs MNBD | |
| SPDR Nuveen Bloomberg Barclays Short Term Municipa... | 0.16 | 0.16 | 0.16 | 73 | Municipal Bonds | ZMUN vs SHM | |
| IQ MacKay Municipal Insured ETF | 0.16 | 0.16 | 0.16 | 74 | Municipal Bonds | ZMUN vs MMIN |
See all 17 diversifiers for ZMUN
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Diversification Analysis
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