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
0 ETFs have low correlation with TAXS (below 0.3), 0 of which are negatively correlated. The least correlated is Eaton Vance Short Duration Income ETF (EVSD) (Short-Term Bond) with a 1Y correlation of 0.55, roughly unchanged from 0.55 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Short Duration Income ETF | 0.55 | 0.55 | — | 90 | Short-Term Bond | TAXS vs EVSD |
Diversification Analysis
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