Looking to diversify beyond BITX? The ETFs below have historically moved differently from BITX, 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 BITX
716 ETFs have low correlation with BITX (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -1.00 | -1.00 | — | 51 | Cryptocurrency | BITX vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.80 | — | — | 69 | Derivative Income | BITX vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.02 | — | 100 | Government Bonds, Ultrashort Bond | BITX vs USFR | |
| Brookmont Catastrophic Bond ETF | -0.10 | -0.12 | — | 97 | Nontraditional Bonds | BITX vs ILS | |
| Schwab Ultra-Short Income ETF | -0.09 | — | — | 99 | Ultrashort Bond | BITX vs SCUS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BITX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.17, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.17 | 0.05 | 0.05 | 61 | Financial Services | |
| Johnson & Johnson | -0.15 | -0.05 | -0.05 | 96 | Healthcare | |
| Altria Group, Inc. | -0.15 | 0.00 | -0.00 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.15 | -0.08 | -0.07 | 52 | Utilities | |
| Verizon Communications Inc. | -0.15 | -0.07 | -0.07 | 66 | Communication Services |
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