Looking to diversify beyond BTCW? The ETFs below have the lowest correlation with BTCW — 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 BTCW.
Best Diversifiers for BTCW
627 ETFs have low correlation with BTCW (below 0.3), 44 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -1.00 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | BTCW vs SBIT | |
| ProShares Short Bitcoin ETF | -1.00 | — | — | 57 | Cryptocurrency | BTCW vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.85 | — | — | 68 | Inverse Equities, Leveraged Equities | BTCW vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.84 | — | — | 60 | Inverse Equities | BTCW vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.80 | -0.80 | -0.80 | 70 | Derivative Income | BTCW vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BTCW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BTCW and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Powell Industries, Inc. | 0.27 | — | — | 96 | Industrials | |
| NexGen Energy Ltd. | 0.31 | — | — | 66 | Energy |
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