Looking to diversify beyond IBOT? The ETFs below have the lowest correlation with IBOT — 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 IBOT.
Best Diversifiers for IBOT
403 ETFs have low correlation with IBOT (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.34 | -0.32 | 57 | Cryptocurrency | IBOT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IBOT vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 60 | Inverse Equities | IBOT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 68 | Inverse Equities, Leveraged Equities | IBOT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 70 | Derivative Income | IBOT vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IBOT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IBOT and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.33, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.33 | -0.13 | -0.10 | 81 | Consumer Defensive | |
| British American Tobacco p.l.c. | -0.01 | 0.06 | 0.07 | 72 | Consumer Defensive | |
| Berkshire Hathaway Inc. | 0.03 | 0.18 | 0.21 | 53 | Financial Services | |
| Amazon.com, Inc | 0.39 | 0.50 | — | 54 | Consumer Cyclical | |
| Rigetti Computing Inc | 0.46 | 0.43 | 0.42 | 57 | Technology |
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