Looking to diversify beyond NFLP? The ETFs below have the lowest correlation with NFLP — 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 NFLP.
Best Diversifiers for NFLP
1447 ETFs have low correlation with NFLP (below 0.3), 296 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.19, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.19 | -0.19 | -0.19 | 51 | Derivative Income | NFLP vs WNTR | |
| Brookstone Ultra-Short Bond ETF | -0.17 | — | — | 99 | Ultrashort Bond | NFLP vs BAMU | |
| VanEck Oil Refiners ETF | -0.13 | — | — | 74 | Energy Equities | NFLP vs CRAK | |
| iShares U.S. Oil Equipment & Services ETF | -0.12 | — | — | 71 | Energy Equities | NFLP vs IEZ | |
| VanEck Oil Services ETF | -0.12 | — | — | 72 | Energy Equities | NFLP vs OIH |
See all 1448 diversifiers for NFLP
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