Looking to balance out your exposure to BTCS? The ETFs below have the lowest correlation with BTCS — they tend to move on their own, which can help reduce risk when BTCS drops. The stock ideas table highlights individual companies that behave independently from BTCS.
Best Diversifiers for BTCS
0 ETFs have low correlation with BTCS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.49, up from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.49 | 0.40 | 0.38 | 70 | S&P 500 | BTCS vs SPY | |
| ProShares UltraPro QQQ | 0.51 | 0.40 | 0.39 | 71 | Leveraged Equities | BTCS vs TQQQ | |
| Invesco QQQ ETF | 0.51 | 0.40 | 0.39 | 73 | Nasdaq-100 | BTCS vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BTCS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTCS and solid risk/return profiles. The least correlated is Hut 8 Corp. Common Stock (HUT) (Financial Services) with a 1Y correlation of 0.48, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hut 8 Corp. Common Stock | 0.48 | 0.49 | 0.48 | 97 | Financial Services | |
| Riot Blockchain, Inc. | 0.53 | 0.54 | 0.52 | 86 | Technology |
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