Looking to diversify beyond BITY? The ETFs below have the lowest correlation with BITY — 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 BITY.
Best Diversifiers for BITY
610 ETFs have low correlation with BITY (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.99, roughly unchanged from -0.99 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.99 | -0.99 | -0.99 | 57 | Cryptocurrency | BITY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.99 | -0.99 | -0.99 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BITY vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.84 | — | — | 68 | Inverse Equities, Leveraged Equities | BITY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.84 | — | — | 60 | Inverse Equities | BITY vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.79 | — | — | 70 | Derivative Income | BITY vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BITY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BITY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.06 | — | — | 80 | Healthcare | |
| Palo Alto Networks, Inc. | 0.25 | — | — | 84 | Technology | |
| Snowflake Inc. | 0.27 | — | — | 60 | Technology | |
| CrowdStrike Holdings, Inc. | 0.32 | — | — | 77 | Technology | |
| Robinhood Markets, Inc. | 0.59 | 0.57 | — | 52 | Financial Services |
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