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
583 ETFs have low correlation with BITO (below 0.3), 37 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.81, roughly unchanged from -0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.81 | -0.81 | -0.81 | 51 | Derivative Income | BITO vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.14 | -0.22 | -0.22 | 63 | Inverse Equities | BITO vs NFXS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.11 | — | — | 97 | Inflation-Protected Bonds | BITO vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | 0.00 | — | 100 | Government Bonds, Ultrashort Bond | BITO vs USFR | |
| Schwab Ultra-Short Income ETF | -0.09 | — | — | 99 | Ultrashort Bond | BITO vs SCUS |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.14, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.14 | -0.05 | -0.02 | 64 | Utilities | |
| Altria Group, Inc. | -0.13 | 0.01 | — | 74 | Consumer Defensive | |
| Johnson & Johnson | -0.13 | -0.03 | 0.02 | 96 | Healthcare | |
| Verizon Communications Inc. | -0.13 | -0.06 | -0.02 | 62 | Communication Services | |
| The Coca-Cola Company | -0.12 | -0.03 | 0.03 | 74 | Consumer Defensive |
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