Looking to diversify beyond TAXT? The ETFs below have the lowest correlation with TAXT — 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 TAXT.
Best Diversifiers for TAXT
0 ETFs have low correlation with TAXT (below 0.3), 0 of which are negatively correlated. The least correlated is Capital Group Short Duration Municipal Income ETF (CGSM) (Municipal Bonds) with a 1Y correlation of 0.53, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Capital Group Short Duration Municipal Income ETF | 0.53 | 0.53 | 0.53 | 86 | Municipal Bonds | TAXT vs CGSM | |
| Invesco New York AMT-Free Municipal Bond ETF | 0.61 | 0.61 | 0.61 | 59 | Municipal Bonds | TAXT vs PZT | |
| Invesco BulletShares 2033 Municipal Bond ETF | 0.61 | 0.61 | 0.61 | 63 | Municipal Bonds | TAXT vs BSSX | |
| Hartford Municipal Opportunities ETF | 0.63 | 0.63 | 0.63 | 63 | Municipal Bonds | TAXT vs HMOP | |
| AB Tax-Aware Intermediate Municipal ETF | 0.65 | — | — | 71 | Municipal Bonds | TAXT vs TAFM |
See all 17 diversifiers for TAXT
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