Looking to diversify beyond TAXS? The ETFs below have the lowest correlation with TAXS — 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 TAXS.
Best Diversifiers for TAXS
10 ETFs have low correlation with TAXS (below 0.3), 0 of which are negatively correlated. The least correlated is FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) (Commodity Producers Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FlexShares Morningstar Global Upstream Natural Res... | 0.09 | 0.09 | 0.09 | 84 | Commodity Producers Equities | TAXS vs GUNR | |
| Invesco BulletShares 2026 Municipal Bond ETF | 0.11 | 0.11 | 0.11 | 85 | Municipal Bonds | TAXS vs BSMQ | |
| AAM SLC Low Duration Income ETF | 0.21 | 0.21 | 0.21 | 88 | Short-Term Bond | TAXS vs LODI | |
| FlexShares US Quality Large Cap Index Fund | 0.23 | 0.23 | 0.23 | 81 | Large Cap Blend Equities | TAXS vs QLC | |
| FlexShares STOXX US ESG Select Index Fund | 0.25 | 0.25 | 0.25 | 67 | Large Cap Growth Equities | TAXS vs ESG |
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