24 Stocks and 76 ETFs for diversifying SBIT (ProShares UltraShort Bitcoin ETF)
The least correlated asset to SBIT (ProShares UltraShort Bitcoin ETF) is company Merrimack Pharmaceuticals (MACK). The correlation is -1.
Stocks that lowly correlated with SBIT
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| MACK | Merrimack Pharmaceuticals Inc | $219M | N/A | N/A | -1.00 |
| MCACU | ConnectM Technology Solutions Inc - Units (1 Ord Class A 1 War & 1 Right) | $70M | Financial Services | Shell Companies | -0.98 |
| BTCW | WisdomTree Bitcoin Fund | $162M | N/A | N/A | -0.96 |
| EZBC | Franklin Templeton Digital Holdings Trust | $429M | N/A | N/A | -0.96 |
| CVII | Churchill Capital Corp VII - Class A | $570M | Financial Services | Shell Companies | -0.95 |
| AILE | iLearningEngines Holdings Inc - Class A | $59M | Technology | Software - Infrastructure | -0.92 |
| BCOR | GRAYSCALE BITCOIN ADOPTERS ETF | $868M | N/A | N/A | -0.89 |
| CPLP | Capital Product Partners L P | $355M | N/A | N/A | -0.89 |
| OLO | Olo Inc - Class A | $1.87B | Technology | Software - Application | -0.80 |
| IMRA | BITWISE MARA OPTION INCOME STRATEGY ETF | $914M | N/A | N/A | -0.79 |
| MSTR | Microstrategy Inc - Class A | $51B | Technology | Software - Application | -0.77 |
| CCC | CCC Intelligent Solutions Holdings Inc | $2.82B | Technology | Software - Application | -0.77 |
| CCCS | CCC Intelligent Solutions Holdings Inc | $3.21B | Technology | Software - Application | -0.77 |
| IONQ | IonQ Inc | $24B | Technology | Computer Hardware | -0.76 |
| OMDA | Omada Health Inc | $975M | Healthcare | Health Information Services | -0.76 |
| COIN | Coinbase Global Inc - Class A | $46B | Financial Services | Financial Data & Stock Exchanges | -0.76 |
| ETH | Grayscale Investments LLC | $1.77B | N/A | N/A | -0.75 |
| AXON | Axon Enterprise Inc | $32B | Industrials | Aerospace & Defense | -0.75 |
| ACST | Acasti Pharma Inc - Class A | $53M | N/A | N/A | -0.75 |
| PYPL | PayPal Holdings Inc | $39B | Financial Services | Credit Services | -0.74 |
| XYZ | Block Inc - Class A | $43B | Technology | Software - Infrastructure | -0.74 |
| DSGX | Descartes Systems Group Inc | $6B | Technology | Software - Application | -0.73 |
| RKLB | Rocket Lab USA Inc | $86B | Industrials | Aerospace & Defense | -0.73 |
| SMLR | Semler Scientific Inc | $308M | Healthcare | Medical Devices | -0.73 |