Looking to diversify beyond BITB? The ETFs below have the lowest correlation with BITB — 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 BITB.
Best Diversifiers for BITB
566 ETFs have low correlation with BITB (below 0.3), 33 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.14, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.14 | -0.22 | -0.22 | 55 | Inverse Equities | BITB vs NFXS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 97 | Inflation-Protected Bonds | BITB vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | — | — | 99 | Ultrashort Bond | BITB vs CSHP | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | — | — | 100 | Government Bonds, Ultrashort Bond | BITB vs USFR | |
| Brookmont Catastrophic Bond ETF | -0.09 | — | — | 96 | Nontraditional Bonds | BITB vs ILS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BITB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BITB and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | -0.03 | -0.03 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.14 | -0.06 | -0.06 | 62 | Utilities | |
| Verizon Communications Inc. | -0.14 | — | — | 66 | Communication Services | |
| Johnson & Johnson | -0.13 | -0.06 | -0.06 | 96 | Healthcare | |
| The Coca-Cola Company | -0.12 | -0.06 | -0.06 | 74 | Consumer Defensive |
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