Looking to diversify beyond FBTC? The ETFs below have the lowest correlation with FBTC — 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 FBTC.
Best Diversifiers for FBTC
642 ETFs have low correlation with FBTC (below 0.3), 46 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 | FBTC vs SBIT | |
| ProShares Short Bitcoin ETF | -1.00 | — | — | 57 | Cryptocurrency | FBTC vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.84 | -0.79 | -0.79 | 60 | Inverse Equities | FBTC vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.84 | — | — | 68 | Inverse Equities, Leveraged Equities | FBTC vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.80 | — | — | 70 | Derivative Income | FBTC vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FBTC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FBTC and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.18, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.18 | -0.06 | -0.06 | 53 | Industrials | |
| McKesson Corporation | -0.14 | — | — | 60 | Healthcare | |
| Berkshire Hathaway Inc. | -0.14 | — | — | 53 | Financial Services | |
| Altria Group, Inc. | -0.14 | -0.02 | -0.02 | 81 | Consumer Defensive | |
| Verizon Communications Inc. | -0.13 | -0.08 | -0.08 | 57 | Communication Services |
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