Looking to diversify beyond TAX? The ETFs below have historically moved differently from TAX, 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 TAX
173 ETFs have low correlation with TAX (below 0.3), 49 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | — | — | 61 | Cryptocurrency | TAX vs BITI | |
| Alpha Architect Tail Risk ETF | -0.37 | — | — | 56 | Options Trading | TAX vs CAOS | |
| Invesco DB Energy Fund | -0.31 | — | — | 72 | Oil & Gas | TAX vs DBE | |
| United States Brent Oil Fund LP | -0.29 | — | — | 52 | Oil & Gas | TAX vs BNO | |
| Invesco DB Oil Fund | -0.27 | — | — | 58 | Oil & Gas | TAX vs DBO |
See all 1274 diversifiers for TAX
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