Looking to balance out your exposure to NFLX? The ETFs below have historically moved differently from NFLX, 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 NFLX
331 ETFs have low correlation with NFLX (below 0.3), 123 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.17 | — | — | 98 | Leveraged Equities, Semiconductors | NFLX vs MUU | |
| First Trust RBA American Industrial Renaissance ET... | -0.16 | 0.15 | 0.28 | 63 | Building & Construction | NFLX vs AIRR | |
| First Trust Nasdaq Semiconductor ETF | -0.16 | 0.20 | 0.34 | 91 | Semiconductors, Technology Equities | NFLX vs FTXL | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.16 | — | — | 89 | Artificial Intelligence, Technology Equities | NFLX vs AIS | |
| YieldMax Semiconductor Portfolio Option Income ETF | -0.15 | — | — | 89 | Derivative Income, Semiconductors | NFLX vs CHPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NFLX, 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 Caterpillar Inc. (CAT) (Industrials) with a 1Y correlation of -0.26, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Caterpillar Inc. | -0.26 | 0.08 | 0.14 | 93 | Industrials | |
| Seagate Technology plc | -0.25 | 0.06 | 0.21 | 99 | Technology | |
| Western Digital Corporation | -0.23 | 0.10 | 0.22 | 99 | Technology | |
| Hubbell Incorporated | -0.20 | 0.12 | 0.19 | 57 | Industrials | |
| AAON, Inc. | -0.19 | 0.08 | 0.20 | 53 | Industrials |
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