Looking to diversify beyond ZTAX? The ETFs below have the lowest correlation with ZTAX — 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 ZTAX.
Best Diversifiers for ZTAX
1199 ETFs have low correlation with ZTAX (below 0.3), 1080 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Intermediate Municipal Income ETF | -0.19 | — | — | 76 | Municipal Bonds | ZTAX vs EVIM | |
| AB Tax-Aware Short Duration ETF | -0.19 | -0.00 | — | 80 | Municipal Bonds | ZTAX vs TAFI | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.19 | -0.07 | — | 68 | Municipal Bonds | ZTAX vs BSMY | |
| WisdomTree Core Laddered Municipal ETF | -0.18 | -0.17 | — | 70 | Municipal Bonds | ZTAX vs WTMU | |
| Goldman Sachs Municipal Income ETF | -0.18 | — | — | 80 | Municipal Bonds | ZTAX vs GMUB |
See all 1199 diversifiers for ZTAX
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