Looking to diversify beyond BITY? The ETFs below have historically moved differently from BITY, 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 BITY
695 ETFs have low correlation with BITY (below 0.3), 49 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.99 | — | — | 51 | Cryptocurrency | BITY vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.80 | — | — | 69 | Derivative Income | BITY vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.11 | -0.11 | 100 | Government Bonds, Ultrashort Bond | BITY vs USFR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 97 | Inflation-Protected Bonds | BITY vs RBIL | |
| Schwab Ultra-Short Income ETF | -0.09 | — | — | 99 | Ultrashort Bond | BITY 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 BITY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.02 | — | — | 79 | Healthcare | |
| Palo Alto Networks, Inc. | 0.27 | — | — | 90 | Technology | |
| Snowflake Inc. | 0.29 | — | — | 69 | Technology | |
| CrowdStrike Holdings, Inc. | 0.33 | — | — | 83 | Technology | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.50 | — | — | 62 | Technology |
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