Looking to diversify beyond BITQ? The ETFs below have the lowest correlation with BITQ — 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 BITQ.
Best Diversifiers for BITQ
530 ETFs have low correlation with BITQ (below 0.3), 73 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.70, roughly unchanged from -0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.70 | -0.72 | -0.72 | 65 | Inverse Equities, Leveraged Equities | BITQ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.70 | -0.72 | -0.72 | 56 | Inverse Equities | BITQ vs SMST | |
| ProShares Short Bitcoin ETF | -0.69 | -0.71 | -0.72 | 53 | Cryptocurrency | BITQ vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.67 | — | — | 70 | Derivative Income | BITQ vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.19 | — | — | 54 | Multistrategy | BITQ vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BITQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BITQ and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.18, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.18 | 0.22 | 0.35 | 91 | Technology | |
| Alphabet Inc. Class A | 0.32 | 0.36 | 0.46 | 96 | Communication Services | |
| Baidu, Inc. | 0.34 | 0.29 | 0.37 | 62 | Communication Services | |
| Amazon.com, Inc | 0.39 | 0.40 | 0.50 | 54 | Consumer Cyclical | |
| NVIDIA Corporation | 0.42 | 0.40 | 0.52 | 70 | Technology |
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