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Evolve Levered Bitcoin ETF (LBIT.TO) Diversifiers

ETF · Currency in CAD · Last updated Jun 25, 2026

The Evolve Levered Bitcoin ETF (LBIT) seeks to provide investors with capital-efficient exposure to approximately 1.25x the daily price of Bitcoin by holding spot Bitcoin and using cash borrowing to add modest leverage. The fund targets a leverage ratio of 25% of its net asset value and rebalances within two business days if leverage exceeds 27% of NAV.

Looking to diversify beyond LBIT.TO? The ETFs below have the lowest correlation with LBIT.TO — 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 LBIT.TO.

Best Diversifiers for LBIT.TO

4 ETFs have low correlation with LBIT.TO (below 0.3), 1 of which are negatively correlated.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...-0.11——
88
Derivative IncomeLBIT.TO vs UTES.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...0.03——
61
Energy EquitiesLBIT.TO vs OILY.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...0.27——
97
Derivative IncomeLBIT.TO vs BANK.TO
EBNK.TO
Evolve European Banks Enhanced Yield ETF Hedged CA...0.27——
52
Financials Equities, Derivative IncomeLBIT.TO vs EBNK.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index Fund0.39——
59
Nasdaq-100, Derivative IncomeLBIT.TO vs QQQY.TO
See all 6 diversifiers for LBIT.TO

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Diversification Analysis

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