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
985 ETFs have low correlation with TAXF (below 0.3), 37 of which are negatively correlated. The least correlated is iShares Enhanced Short-Term Bond Active ETF (CSHP) (Ultrashort Bond) with a 1Y correlation of -0.22, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.22 | -0.19 | -0.19 | 99 | Ultrashort Bond | TAXF vs CSHP | |
| Alerian Energy Infrastructure ETF | -0.18 | 0.02 | 0.03 | 50 | Energy Equities | TAXF vs ENFR | |
| Bastion Energy ETF | -0.18 | — | — | 75 | Energy Equities | TAXF vs BESF | |
| Fidelity Managed Futures ETF | -0.18 | — | — | 64 | Systematic Trend | TAXF vs FFUT | |
| VanEck Energy Income ETF | -0.16 | 0.01 | 0.02 | 57 | Energy Equities | TAXF vs EINC |
See all 1148 diversifiers for TAXF
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