Looking to diversify beyond TAGS? The ETFs below have historically moved differently from TAGS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TAGS
1704 ETFs have low correlation with TAGS (below 0.3), 1342 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.25, down from -0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.25 | -0.03 | — | 65 | Municipal Bonds | TAGS vs BSMW | |
| Capital Group Municipal Income ETF | -0.22 | -0.07 | — | 73 | Municipal Bonds | TAGS vs CGMU | |
| Janus Henderson Securitized Income ETF | -0.21 | — | — | 62 | Multisector Bonds | TAGS vs JSI | |
| iShares iBonds Dec 2028 Term Treasury ETF | -0.21 | -0.09 | -0.06 | 82 | Government Bonds | TAGS vs IBTI | |
| iShares iBonds Dec 2028 Term Corporate ETF | -0.21 | -0.02 | -0.01 | 93 | Corporate Bonds | TAGS vs IBDT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TAGS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.04, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.04 | 0.03 | 0.02 | 60 | Consumer Cyclical |
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