Looking to diversify beyond NFLP? The ETFs below have historically moved differently from NFLP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NFLP
1637 ETFs have low correlation with NFLP (below 0.3), 505 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.19 | — | — | 99 | Ultrashort Bond | NFLP vs BAMU | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.17 | — | — | 58 | Derivative Income | NFLP vs WNTR | |
| Tema Electrification ETF | -0.17 | — | — | 60 | Global Equities | NFLP vs VOLT | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.16 | — | — | 88 | Artificial Intelligence, Technology Equities | NFLP vs AIS | |
| First Trust Nasdaq Semiconductor ETF | -0.16 | 0.16 | 0.16 | 90 | Semiconductors, Technology Equities | NFLP vs FTXL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NFLP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.15, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.15 | 0.19 | 0.19 | 66 | Financial Services |
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