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
3 ETFs have low correlation with BITK (below 0.3), 1 of which are negatively correlated. The least correlated is Defiance Oil Enhanced Options Income ETF (USOY) (Derivative Income) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | -0.03 | -0.03 | — | 56 | Derivative Income | BITK vs USOY | |
| FT Energy Income Partners Enhanced Income ETF | 0.12 | — | — | 75 | Derivative Income | BITK vs EIPI | |
| YieldMax GOOGL Option Income Strategy ETF | 0.27 | — | — | 92 | Derivative Income | BITK vs GOOY | |
| YieldMax TSM Option Income Strategy ETF | 0.37 | 0.37 | — | 88 | Derivative Income | BITK vs TSMY | |
| Day Hagan Smart Buffer ETF | 0.41 | 0.41 | 0.41 | 63 | Derivative Income | BITK vs DHSB |
See all 12 diversifiers for BITK
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