Looking to diversify beyond BITO? The ETFs below have historically moved differently from BITO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BITO
639 ETFs have low correlation with BITO (below 0.3), 41 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.80, roughly unchanged from -0.80 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.80 | -0.80 | -0.80 | 58 | Derivative Income | BITO vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.02 | — | 100 | Government Bonds, Ultrashort Bond | BITO vs USFR | |
| Schwab Ultra-Short Income ETF | -0.10 | — | — | 99 | Ultrashort Bond | BITO vs SCUS | |
| Brookmont Catastrophic Bond ETF | -0.10 | — | — | 97 | Nontraditional Bonds | BITO vs ILS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.09 | — | — | 97 | Inflation-Protected Bonds | BITO vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BITO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.17, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.17 | -0.04 | 0.01 | 96 | Healthcare | |
| Berkshire Hathaway Inc. | -0.16 | 0.06 | — | 66 | Financial Services | |
| Altria Group, Inc. | -0.15 | -0.00 | 0.02 | 63 | Consumer Defensive | |
| Chubb Limited | -0.14 | -0.01 | 0.06 | 87 | Financial Services | |
| Verizon Communications Inc. | -0.14 | -0.07 | -0.01 | 63 | Communication Services |
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