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
641 ETFs have low correlation with BITB (below 0.3), 42 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -1.00 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | BITB vs SBIT | |
| ProShares Short Bitcoin ETF | -1.00 | — | — | 57 | Cryptocurrency | BITB vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.84 | — | — | 68 | Inverse Equities, Leveraged Equities | BITB vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.84 | — | — | 60 | Inverse Equities | BITB vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.81 | — | — | 70 | Derivative Income | BITB vs WNTR |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.17, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.18 | -0.06 | -0.06 | 53 | Industrials | |
| Altria Group, Inc. | -0.16 | -0.04 | -0.04 | 81 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.15 | 0.05 | 0.05 | 53 | Financial Services | |
| Verizon Communications Inc. | -0.13 | -0.08 | -0.08 | 57 | Communication Services | |
| Duke Energy Corporation | -0.12 | -0.08 | -0.08 | 66 | Utilities |
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