Looking to diversify beyond NFLW? The ETFs below have the lowest correlation with NFLW — 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 NFLW.
Best Diversifiers for NFLW
1124 ETFs have low correlation with NFLW (below 0.3), 173 of which are negatively correlated. The least correlated is iShares U.S. Oil Equipment & Services ETF (IEZ) (Energy Equities) with a 1Y correlation of -0.13, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Oil Equipment & Services ETF | -0.13 | -0.13 | -0.13 | 87 | Energy Equities | NFLW vs IEZ | |
| First Trust Ultra Short Duration Municipal ETF | -0.08 | -0.08 | -0.08 | 95 | Municipal Bonds, Ultrashort Bond | NFLW vs FUMB | |
| Janus Henderson B-BBB CLO ETF | -0.07 | -0.07 | -0.07 | 51 | CLO | NFLW vs JBBB | |
| PIMCO Enhanced Short Maturity Active ESG ETF | -0.07 | -0.07 | -0.07 | 99 | Ultrashort Bond | NFLW vs EMNT | |
| ALPS/CoreCommodity Natural Resources ETF | -0.07 | -0.07 | -0.07 | 95 | Commodity Producers Equities | NFLW vs CCNR |
See all 1125 diversifiers for NFLW
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Diversification Analysis
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