Looking to diversify beyond TAXE? The ETFs below have the lowest correlation with TAXE — 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 TAXE.
Best Diversifiers for TAXE
890 ETFs have low correlation with TAXE (below 0.3), 38 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bastion Energy ETF | -0.24 | — | — | 84 | Energy Equities | TAXE vs BESF | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | — | — | 75 | Commodities | TAXE vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.21 | — | — | 50 | Commodities | TAXE vs CMDT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.19 | — | — | 55 | Commodities | TAXE vs FTGC | |
| Fidelity Managed Futures ETF | -0.18 | — | — | 64 | Systematic Trend | TAXE vs FFUT |
See all 1071 diversifiers for TAXE
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Diversification Analysis
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