Looking to diversify beyond BITK? The ETFs below have the lowest correlation with BITK — 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 BITK.
Best Diversifiers for BITK
6 ETFs have low correlation with BITK (below 0.3), 0 of which are negatively correlated. The least correlated is FT Energy Income Partners Enhanced Income ETF (EIPI) (Derivative Income) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Energy Income Partners Enhanced Income ETF | 0.09 | 0.09 | 0.09 | 76 | Derivative Income | BITK vs EIPI | |
| Simplify Treasury Option Income ETF | 0.11 | 0.11 | 0.11 | 86 | Government Bonds, Ultrashort Bond, Derivative Income | BITK vs BUCK | |
| VistaShares Target 15™ Berkshire Select Income ETF | 0.17 | 0.17 | 0.17 | 51 | Derivative Income | BITK vs OMAH | |
| SoFi Enhanced Yield ETF | 0.21 | — | — | 94 | Derivative Income | BITK vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 0.26 | 0.26 | 0.26 | 92 | Derivative Income | BITK vs GOOY |
See all 12 diversifiers for BITK
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