Looking to balance out your exposure to BITW? The ETFs below have the lowest correlation with BITW — they tend to move on their own, which can help reduce risk when BITW drops. The stock ideas table highlights individual companies that behave independently from BITW.
Best Diversifiers for BITW
4 ETFs have low correlation with BITW (below 0.3), 1 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.08, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.08 | -0.01 | 0.05 | 66 | Oil & Gas | BITW vs USO | |
| Invesco DB Commodity Index Tracking Fund | 0.01 | 0.07 | 0.11 | 75 | Commodities | BITW vs DBC | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.01 | 0.05 | 93 | Inflation-Protected Bonds | BITW vs VTIP | |
| United States Commodity Index Fund | 0.08 | 0.08 | 0.12 | 74 | Commodities | BITW vs USCI | |
| Invesco S&P SmallCap Momentum ETF | 0.41 | 0.32 | 0.34 | 58 | Momentum, Small Cap Growth Equities | BITW vs XSMO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BITW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BITW and solid risk/return profiles. The least correlated is Disc Medicine Inc. (IRON) (Healthcare) with a 1Y correlation of 0.11, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Disc Medicine Inc. | 0.11 | 0.08 | 0.11 | 67 | Healthcare | |
| Apple Inc | 0.22 | 0.19 | 0.27 | 89 | Technology | |
| Oracle Corporation | 0.30 | 0.19 | 0.20 | 58 | Technology | |
| NVIDIA Corporation | 0.36 | 0.27 | 0.34 | 78 | Technology | |
| Tesla, Inc. | 0.40 | 0.34 | 0.32 | 55 | Consumer Cyclical |
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