Looking to diversify beyond TAXF? The ETFs below have the lowest correlation with TAXF — 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 TAXF.
Best Diversifiers for TAXF
943 ETFs have low correlation with TAXF (below 0.3), 46 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.21, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.21 | -0.09 | -0.04 | 51 | Commodities | TAXF vs PDBC | |
| Bastion Energy ETF | -0.20 | — | — | 86 | Energy Equities | TAXF vs BESF | |
| VanEck Energy Income ETF | -0.19 | -0.00 | 0.02 | 78 | Energy Equities | TAXF vs EINC | |
| Alerian Energy Infrastructure ETF | -0.19 | 0.01 | 0.03 | 73 | Energy Equities | TAXF vs ENFR | |
| Fidelity Managed Futures ETF | -0.19 | -0.20 | -0.20 | 66 | Systematic Trend | TAXF vs FFUT |
See all 1136 diversifiers for TAXF
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