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
1 ETFs have low correlation with TAXS (below 0.3), 0 of which are negatively correlated. The least correlated is DoubleLine Commercial Real Estate ETF (DCRE) (Short-Term Bond) with a 1Y correlation of 0.29, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Commercial Real Estate ETF | 0.29 | 0.29 | — | 95 | Short-Term Bond | TAXS vs DCRE | |
| iShares iBonds 1-5 Year Corporate Ladder ETF | 0.43 | 0.43 | 0.43 | 74 | Short-Term Bond, Corporate Bonds | TAXS vs LDRC | |
| Nuveen ESG 1-5 Year U.S. Aggregate Bond ETF | 0.47 | 0.47 | 0.47 | 58 | Short-Term Bond | TAXS vs NUSA | |
| Invesco New York AMT-Free Municipal Bond ETF | 0.50 | 0.50 | 0.50 | 59 | Municipal Bonds | TAXS vs PZT | |
| Hartford Municipal Opportunities ETF | 0.51 | 0.51 | 0.51 | 63 | Municipal Bonds | TAXS vs HMOP |
See all 26 diversifiers for TAXS
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TAXS
Add TAXS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TAXS