Looking to diversify beyond BITO? The ETFs below have the lowest correlation with BITO — 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 BITO.
Best Diversifiers for BITO
680 ETFs have low correlation with BITO (below 0.3), 42 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.84 | — | — | 61 | Inverse Equities, Leveraged Equities | BITO vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.84 | — | — | 53 | Inverse Equities | BITO vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.80 | — | — | 69 | Derivative Income | BITO vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.22 | -0.11 | — | 53 | Options Trading | BITO vs CAOS | |
| Direxion Daily NFLX Bear 1X Shares | -0.14 | — | — | 60 | Inverse Equities | BITO vs NFXS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BITO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BITO and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.20, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.20 | -0.05 | 0.04 | 51 | Industrials | |
| Duke Energy Corporation | -0.15 | -0.06 | -0.02 | 63 | Utilities | |
| Berkshire Hathaway Inc. | -0.14 | 0.06 | — | 52 | Financial Services | |
| Verizon Communications Inc. | -0.13 | -0.07 | -0.01 | 59 | Communication Services | |
| Altria Group, Inc. | -0.13 | 0.01 | — | 77 | Consumer Defensive |
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