Looking to balance out your exposure to BIT? The ETFs below have the lowest correlation with BIT — they tend to move on their own, which can help reduce risk when BIT drops. The stock ideas table highlights individual companies that behave independently from BIT.
Best Diversifiers for BIT
7 ETFs have low correlation with BIT (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.19, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.19 | -0.07 | -0.07 | 100 | Government Bonds, Ultrashort Bond | BIT vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.03 | -0.04 | 100 | Ultrashort Bond | BIT vs SGOV | |
| Alerian MLP ETF | 0.07 | 0.16 | 0.29 | 56 | MLPs | BIT vs AMLP | |
| iMGP DBi Managed Futures Strategy ETF | 0.15 | 0.02 | -0.07 | 86 | Systematic Trend | BIT vs DBMF | |
| iShares Ultra Short Duration Bond Active ETF | 0.20 | 0.13 | 0.15 | 99 | Ultrashort Bond | BIT vs ICSH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIT and solid risk/return profiles. The least correlated is CMS Energy Corporation (CMS) (Utilities) with a 1Y correlation of -0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CMS Energy Corporation | -0.01 | 0.11 | 0.15 | 59 | Utilities | |
| MPLX LP | 0.07 | 0.14 | 0.24 | 82 | Energy | |
| Cohen & Steers Infrastructure Fund, Inc | 0.31 | 0.30 | 0.37 | 74 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.33 | 0.36 | 0.42 | 62 | Financial Services | |
| BlackRock Health Sciences Trust II | 0.35 | 0.33 | 0.38 | 78 | Financial Services |
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