Looking to diversify beyond BITW? The ETFs below have historically moved differently from BITW, 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 BITW
335 ETFs have low correlation with BITW (below 0.3), 27 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.78 | — | — | 63 | Derivative Income | BITW vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.00 | 0.01 | 100 | Government Bonds, Ultrashort Bond | BITW vs USFR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.11 | — | — | 97 | Inflation-Protected Bonds | BITW vs RBIL | |
| Invesco DB Energy Fund | -0.10 | -0.02 | 0.05 | 53 | Oil & Gas | BITW vs DBE | |
| Brookmont Catastrophic Bond ETF | -0.09 | -0.09 | -0.09 | 97 | Nontraditional Bonds | BITW vs ILS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BITW, 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 Disc Medicine Inc. (IRON) (Healthcare) with a 1Y correlation of 0.12, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Disc Medicine Inc. | 0.12 | 0.08 | 0.13 | 61 | Healthcare | |
| Apple Inc | 0.20 | 0.20 | 0.27 | 90 | Technology | |
| NVIDIA Corporation | 0.35 | 0.27 | 0.35 | 59 | Technology | |
| Riot Platforms, Inc. | 0.51 | 0.56 | 0.59 | 74 | Technology |
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