Looking to diversify beyond GBTC? The ETFs below have the lowest correlation with GBTC — 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 GBTC.
Best Diversifiers for GBTC
338 ETFs have low correlation with GBTC (below 0.3), 30 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.10, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.10 | 0.03 | 0.02 | 100 | Government Bonds, Ultrashort Bond | GBTC vs USFR | |
| Invesco DB Energy Fund | -0.10 | -0.04 | 0.06 | 71 | Oil & Gas | GBTC vs DBE | |
| Roundhill Weekly T-Bill ETF | -0.09 | -0.09 | -0.09 | 99 | Ultrashort Bond | GBTC vs WEEK | |
| Obra Opportunistic Structured Products ETF | -0.09 | -0.07 | -0.07 | 69 | Multisector Bonds | GBTC vs OOSP | |
| United States Gasoline Fund LP | -0.09 | -0.03 | 0.06 | 70 | Oil & Gas | GBTC vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GBTC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GBTC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.01 | 0.03 | 73 | Consumer Defensive | |
| Verizon Communications Inc. | -0.12 | -0.05 | 0.01 | 56 | Communication Services | |
| CVS Health Corporation | -0.12 | 0.01 | 0.06 | 83 | Healthcare | |
| Duke Energy Corporation | -0.11 | -0.04 | 0.01 | 57 | Utilities | |
| Johnson & Johnson | -0.10 | -0.03 | 0.03 | 94 | Healthcare |
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