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
517 ETFs have low correlation with BITS (below 0.3), 56 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.85 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | BITS vs SBIT | |
| ProShares Short Bitcoin ETF | -0.85 | -0.87 | — | 57 | Cryptocurrency | BITS vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.78 | — | — | 68 | Inverse Equities, Leveraged Equities | BITS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.77 | — | — | 60 | Inverse Equities | BITS vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.75 | — | — | 70 | Derivative Income | BITS vs WNTR |
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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 0.46, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EMCOR Group, Inc. | 0.46 | 0.36 | 0.36 | 73 | Industrials | |
| Robinhood Markets, Inc. | 0.66 | 0.62 | — | 52 | Financial Services | |
| IREN Limited | 0.71 | 0.73 | 0.67 | 80 | Financial Services |
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