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
535 ETFs have low correlation with BITY (below 0.3), 36 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.15, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.15 | -0.14 | -0.14 | 55 | Inverse Equities | BITY vs NFXS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.11 | — | — | 97 | Inflation-Protected Bonds | BITY vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.10 | -0.10 | 100 | Government Bonds, Ultrashort Bond | BITY vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | BITY vs CSHP | |
| F/m US Treasury 3 Month Bill ETF | -0.09 | -0.08 | -0.08 | 100 | Ultrashort Bond | BITY vs TBIL |
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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. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.08, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.08 | 0.04 | 0.04 | 74 | Healthcare | |
| Palo Alto Networks, Inc. | 0.25 | 0.21 | 0.21 | 69 | Technology | |
| CrowdStrike Holdings, Inc. | 0.32 | 0.29 | 0.29 | 65 | Technology | |
| Robinhood Markets, Inc. | 0.58 | 0.57 | 0.57 | 58 | Financial Services |
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