Looking to diversify beyond TAXI? The ETFs below have the lowest correlation with TAXI — 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 TAXI.
Best Diversifiers for TAXI
0 ETFs have low correlation with TAXI (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional National Municipal Bond ETF (DFNM) (Municipal Bonds) with a 1Y correlation of 0.73, roughly unchanged from 0.73 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional National Municipal Bond ETF | 0.73 | 0.73 | — | 81 | Municipal Bonds | TAXI vs DFNM | |
| T. Rowe Price Intermediate Municipal Income ETF | 0.82 | — | — | 82 | Municipal Bonds | TAXI vs TAXE |
Diversification Analysis
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