Looking to diversify beyond BITW? The ETFs below have the lowest correlation with BITW — 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 BITW.
Best Diversifiers for BITW
251 ETFs have low correlation with BITW (below 0.3), 14 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.12 | 0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | BITW vs USFR | |
| United States Gasoline Fund LP | -0.08 | -0.03 | 0.04 | 55 | Oil & Gas | BITW vs UGA | |
| Brookmont Catastrophic Bond ETF | -0.07 | — | — | 96 | Nontraditional Bonds | BITW vs ILS | |
| ClearShares Ultra-Short Maturity ETF | -0.06 | -0.00 | 0.00 | 100 | Ultrashort Bond | BITW vs OPER | |
| Global X 1-3 Month T-Bill ETF | -0.05 | 0.04 | 0.04 | 100 | Ultrashort Bond | BITW vs CLIP |
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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 0.12, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Disc Medicine Inc. | 0.12 | 0.08 | 0.12 | 63 | Healthcare | |
| Apple Inc | 0.20 | 0.18 | 0.24 | 87 | Technology | |
| NVIDIA Corporation | 0.36 | 0.28 | 0.35 | 72 | Technology |
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