Looking to diversify beyond IBAT? The ETFs below have the lowest correlation with IBAT — 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 IBAT.
Best Diversifiers for IBAT
461 ETFs have low correlation with IBAT (below 0.3), 78 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IBAT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.41 | -0.36 | — | 57 | Cryptocurrency | IBAT vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.36 | -0.36 | 60 | Inverse Equities | IBAT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | IBAT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | IBAT vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBAT and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.08 | — | — | 88 | Energy | |
| TC Energy Corporation | 0.02 | — | — | 95 | Energy | |
| Sprott Physical Gold Trust | 0.32 | 0.24 | 0.24 | 61 | Financial Services | |
| Bloom Energy Corporation | 0.68 | 0.60 | 0.60 | 98 | Industrials |
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