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
943 ETFs have low correlation with TAXE (below 0.3), 57 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | — | — | 57 | Oil & Gas | TAXE vs DBE | |
| Invesco DB Commodity Index Tracking Fund | -0.28 | — | — | 56 | Commodities | TAXE vs DBC | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.28 | — | — | 52 | Commodities | TAXE vs COMT | |
| Bastion Energy ETF | -0.28 | — | — | 85 | Energy Equities | TAXE vs BESF | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | — | — | 54 | Commodities | TAXE vs GSG |
See all 1159 diversifiers for TAXE
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Diversification Analysis
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