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
641 ETFs have low correlation with BITX (below 0.3), 43 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -1.00 | -1.00 | — | 53 | Cryptocurrency | BITX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.85 | — | — | 65 | Inverse Equities, Leveraged Equities | BITX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.84 | — | — | 56 | Inverse Equities | BITX vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.80 | — | — | 70 | Derivative Income | BITX vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.14 | — | — | 61 | Inverse Equities | BITX vs NFXS |
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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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.14, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.14 | -0.06 | -0.06 | 57 | Communication Services | |
| Altria Group, Inc. | -0.13 | 0.01 | 0.01 | 78 | Consumer Defensive | |
| Duke Energy Corporation | -0.12 | -0.07 | -0.07 | 65 | Utilities | |
| Johnson & Johnson | -0.10 | -0.04 | -0.04 | 97 | Healthcare | |
| CVS Health Corporation | -0.10 | 0.01 | 0.02 | 92 | Healthcare |
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