Looking to diversify beyond BTCW? The ETFs below have historically moved differently from BTCW, 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 BTCW
731 ETFs have low correlation with BTCW (below 0.3), 54 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -1.00 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | BTCW vs SBIT | |
| ProShares Short Bitcoin ETF | -1.00 | — | — | 61 | Cryptocurrency | BTCW vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.85 | — | — | 61 | Inverse Equities, Leveraged Equities | BTCW vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.85 | — | — | 52 | Inverse Equities | BTCW vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.81 | — | — | 75 | Derivative Income | BTCW vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BTCW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Powell Industries, Inc. (POWL) (Industrials) with a 1Y correlation of 0.30, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Powell Industries, Inc. | 0.30 | 0.30 | 0.30 | 93 | Industrials | |
| NexGen Energy Ltd. | 0.34 | 0.29 | 0.29 | 65 | Energy |
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