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
624 ETFs have low correlation with BITO (below 0.3), 54 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Obra Opportunistic Structured Products ETF | -0.10 | — | — | 68 | Multisector Bonds | BITO vs OOSP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 98 | Inflation-Protected Bonds | BITO vs RBIL | |
| Roundhill Weekly T-Bill ETF | -0.10 | — | — | 99 | Ultrashort Bond | BITO vs WEEK | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | — | — | 100 | Ultrashort Bond | BITO vs CSHP | |
| Invesco DB Energy Fund | -0.08 | -0.02 | 0.05 | 71 | Oil & Gas | BITO vs DBE |
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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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.13, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.13 | -0.07 | -0.02 | 59 | Communication Services | |
| Duke Energy Corporation | -0.12 | -0.05 | -0.02 | 53 | Utilities | |
| CVS Health Corporation | -0.12 | 0.01 | 0.06 | 80 | Healthcare | |
| Johnson & Johnson | -0.11 | -0.02 | 0.02 | 92 | Healthcare | |
| Altria Group, Inc. | -0.11 | 0.02 | — | 69 | Consumer Defensive |
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