Looking to diversify beyond NFLT? The ETFs below have the lowest correlation with NFLT — 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 NFLT.
Best Diversifiers for NFLT
449 ETFs have low correlation with NFLT (below 0.3), 34 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.19, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.19 | -0.07 | 0.00 | 100 | Ultrashort Bond | NFLT vs SGOV | |
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | — | — | 99 | Ultrashort Bond | NFLT vs CSHP | |
| Franklin Liberty Systematic Style Premia ETF | -0.17 | -0.05 | -0.03 | 56 | Long-Short | NFLT vs FLSP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | NFLT vs IBIC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.14 | -0.05 | 0.02 | 100 | Government Bonds, Ultrashort Bond | NFLT vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NFLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NFLT and solid risk/return profiles. The least correlated is German American Bancorp, Inc. (GABC) (Financial Services) with a 1Y correlation of 0.15, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| German American Bancorp, Inc. | 0.15 | 0.17 | 0.12 | 74 | Financial Services |
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