Looking to diversify beyond HBTC? The ETFs below have the lowest correlation with HBTC — 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 HBTC.
Best Diversifiers for HBTC
680 ETFs have low correlation with HBTC (below 0.3), 54 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.91, roughly unchanged from -0.93 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.91 | -0.93 | -0.93 | 57 | Cryptocurrency | HBTC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.91 | -0.93 | -0.93 | 52 | Cryptocurrency, Leveraged Cryptocurrency | HBTC vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.76 | — | — | 68 | Inverse Equities, Leveraged Equities | HBTC vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.76 | — | — | 60 | Inverse Equities | HBTC vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.73 | — | — | 70 | Derivative Income | HBTC vs WNTR |
See all 2038 diversifiers for HBTC
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