Looking to diversify beyond BITQ? The ETFs below have historically moved differently from BITQ, 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 BITQ
637 ETFs have low correlation with BITQ (below 0.3), 107 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.69, roughly unchanged from -0.71 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.69 | -0.71 | — | 51 | Cryptocurrency | BITQ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.69 | — | — | 69 | Derivative Income | BITQ vs WNTR | |
| iShares U.S. Insurance ETF | -0.18 | 0.06 | 0.18 | 54 | Financials Equities | BITQ vs IAK | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | BITQ vs RBIL | |
| Brookstone Ultra-Short Bond ETF | -0.17 | — | — | 99 | Ultrashort Bond | BITQ vs BAMU |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BITQ, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.16, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.16 | 0.21 | 0.34 | 90 | Technology | |
| Alphabet Inc. Class A | 0.33 | 0.36 | 0.46 | 96 | Communication Services | |
| Baidu, Inc. | 0.35 | 0.29 | 0.37 | 64 | Communication Services | |
| Alibaba Group Holding Limited | 0.41 | 0.32 | 0.37 | 50 | Consumer Cyclical | |
| Amazon.com, Inc | 0.41 | 0.40 | 0.50 | 72 | Consumer Cyclical |
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