Looking to diversify beyond TAXM? The ETFs below have the lowest correlation with TAXM — 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 TAXM.
Best Diversifiers for TAXM
833 ETFs have low correlation with TAXM (below 0.3), 59 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | — | — | 71 | Oil & Gas | TAXM vs DBE | |
| Invesco DB Oil Fund | -0.37 | — | — | 65 | Oil & Gas | TAXM vs DBO | |
| United States Brent Oil Fund LP | -0.36 | — | — | 65 | Oil & Gas | TAXM vs BNO | |
| iShares Commodities Select Strategy ETF | -0.35 | — | — | 71 | Commodities | TAXM vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | — | — | 71 | Commodities | TAXM vs GSG |
See all 1155 diversifiers for TAXM
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TAXM
Add TAXM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TAXM