Looking to diversify beyond BITX? The ETFs below have the lowest correlation with BITX — 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 BITX.
Best Diversifiers for BITX
595 ETFs have low correlation with BITX (below 0.3), 37 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.13 | — | — | 55 | Inverse Equities | BITX vs NFXS | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | — | — | 100 | Government Bonds, Ultrashort Bond | BITX vs USFR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 97 | Inflation-Protected Bonds | BITX vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | — | — | 99 | Ultrashort Bond | BITX vs CSHP | |
| Brookmont Catastrophic Bond ETF | -0.08 | — | — | 96 | Nontraditional Bonds | BITX vs ILS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BITX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BITX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.00 | 0.00 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.14 | -0.05 | -0.05 | 62 | Utilities | |
| Verizon Communications Inc. | -0.13 | -0.06 | -0.06 | 66 | Communication Services | |
| Johnson & Johnson | -0.13 | -0.03 | -0.03 | 96 | Healthcare | |
| The Coca-Cola Company | -0.12 | -0.02 | -0.02 | 74 | Consumer Defensive |
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