Looking to diversify beyond BITS? The ETFs below have the lowest correlation with BITS — 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 BITS.
Best Diversifiers for BITS
421 ETFs have low correlation with BITS (below 0.3), 44 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.16, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.16 | -0.25 | -0.25 | 55 | Inverse Equities | BITS vs NFXS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | BITS vs RBIL | |
| Brookstone Ultra-Short Bond ETF | -0.14 | — | — | 98 | Ultrashort Bond | BITS vs BAMU | |
| ProShares UltraShort Yen | -0.13 | -0.04 | — | 63 | Leveraged Currency | BITS vs YCS | |
| United States Gasoline Fund LP | -0.12 | -0.01 | 0.05 | 55 | Oil & Gas | BITS vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BITS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BITS and solid risk/return profiles. The least correlated is EMCOR Group, Inc. (EME) (Industrials) with a 1Y correlation of 0.47, up from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EMCOR Group, Inc. | 0.47 | 0.36 | 0.36 | 83 | Industrials | |
| Robinhood Markets, Inc. | 0.67 | 0.62 | — | 58 | Financial Services |
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