Looking to diversify beyond TBX? The ETFs below have historically moved differently from TBX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TBX
1701 ETFs have low correlation with TBX (below 0.3), 1610 of which are negatively correlated. The least correlated is iShares Core 1-5 Year USD Bond ETF (ISTB) (Short-Term Bond) with a 1Y correlation of -0.90, roughly unchanged from -0.85 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core 1-5 Year USD Bond ETF | -0.90 | -0.85 | -0.85 | 79 | Short-Term Bond | TBX vs ISTB | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.90 | -0.84 | -0.85 | 71 | Short-Term Bond | TBX vs BSV | |
| Invesco Investment Grade Defensive ETF | -0.89 | -0.83 | -0.84 | 52 | Corporate Bonds, Investment Grade Bonds | TBX vs IIGD | |
| JPMorgan Short Duration Core Plus ETF | -0.88 | -0.81 | -0.75 | 87 | Short-Term Bond | TBX vs JSCP | |
| Eaton Vance Short Duration Income ETF | -0.87 | -0.74 | -0.74 | 91 | Short-Term Bond | TBX vs EVSD |
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