Looking to diversify beyond BOTZ? The ETFs below have the lowest correlation with BOTZ — 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 BOTZ.
Best Diversifiers for BOTZ
459 ETFs have low correlation with BOTZ (below 0.3), 79 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.45 | -0.45 | 53 | Inverse Equities | BOTZ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.45 | -0.45 | 61 | Inverse Equities, Leveraged Equities | BOTZ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 69 | Derivative Income | BOTZ vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.09 | — | 53 | Options Trading | BOTZ vs CAOS | |
| Invesco DB Energy Fund | -0.26 | -0.08 | 0.05 | 58 | Oil & Gas | BOTZ vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BOTZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOTZ and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.36, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.36 | -0.14 | -0.02 | 77 | Consumer Defensive | |
| Waste Management, Inc. | -0.34 | -0.06 | 0.10 | 51 | Industrials | |
| Duke Energy Corporation | -0.32 | -0.16 | -0.04 | 63 | Utilities | |
| The Coca-Cola Company | -0.31 | -0.11 | 0.05 | 81 | Consumer Defensive | |
| Chubb Limited | -0.29 | -0.09 | 0.07 | 81 | Financial Services |
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