Looking to diversify beyond BITS? The ETFs below have historically moved differently from BITS, 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 BITS
644 ETFs have low correlation with BITS (below 0.3), 94 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.85 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BITS vs SBIT | |
| ProShares Short Bitcoin ETF | -0.85 | -0.87 | — | 61 | Cryptocurrency | BITS vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.78 | — | — | 61 | Inverse Equities, Leveraged Equities | BITS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.78 | — | — | 52 | Inverse Equities | BITS vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.75 | — | — | 75 | Derivative Income | BITS vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BITS, 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 EMCOR Group, Inc. (EME) (Industrials) with a 1Y correlation of 0.50, up from 0.37 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EMCOR Group, Inc. | 0.50 | 0.37 | — | 65 | Industrials | |
| IREN Limited | 0.73 | 0.73 | — | 78 | Financial Services |
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