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
422 ETFs have low correlation with NFLT (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.14 | -0.05 | 53 | Oil & Gas | NFLT vs DBE | |
| DoubleLine Commodity Strategy ETF | -0.23 | -0.10 | -0.10 | 51 | Commodities | NFLT vs DCMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.08 | -0.01 | 51 | Commodities | NFLT vs GSG | |
| ProShares Short Bitcoin ETF | -0.22 | -0.10 | -0.14 | 57 | Cryptocurrency | NFLT vs BITI | |
| Invesco DB Commodity Index Tracking Fund | -0.21 | -0.06 | 0.01 | 54 | Commodities | NFLT vs DBC |
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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 0.17, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| German American Bancorp, Inc. | 0.17 | 0.17 | 0.13 | 73 | Financial Services | |
| CareTrust REIT, Inc. | 0.19 | 0.17 | 0.19 | 84 | Real Estate |
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