Looking to balance out your exposure to NFLX? The ETFs below have the lowest correlation with NFLX — they tend to move on their own, which can help reduce risk when NFLX drops. The stock ideas table highlights individual companies that behave independently from NFLX.
Best Diversifiers for NFLX
257 ETFs have low correlation with NFLX (below 0.3), 60 of which are negatively correlated. The least correlated is Global X US Infrastructure Development ETF (PAVE) (Industrials Equities) with a 1Y correlation of -0.08, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X US Infrastructure Development ETF | -0.08 | 0.21 | 0.30 | 60 | Industrials Equities | NFLX vs PAVE | |
| Eaton Vance Floating-Rate ETF | -0.07 | — | — | 75 | Bank Loan | NFLX vs EVLN | |
| First Trust RBA American Industrial Renaissance ET... | -0.07 | 0.19 | 0.29 | 79 | Building & Construction | NFLX vs AIRR | |
| First Trust Nasdaq Semiconductor ETF | -0.07 | 0.25 | 0.37 | 96 | Semiconductors, Technology Equities | NFLX vs FTXL | |
| iShares MSCI USA Value Factor ETF | -0.05 | 0.17 | 0.26 | 96 | Large Cap Value Equities | NFLX vs VLUE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NFLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NFLX and solid risk/return profiles. The least correlated is Seagate Technology plc (STX) (Technology) with a 1Y correlation of -0.19, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | -0.19 | 0.10 | 0.23 | 99 | Technology | |
| Caterpillar Inc. | -0.17 | 0.13 | 0.16 | 98 | Industrials | |
| Bunge Limited | -0.16 | -0.06 | -0.01 | 76 | Consumer Defensive | |
| Polaris Industries Inc. | -0.16 | -0.02 | 0.15 | 79 | Consumer Cyclical | |
| Archer-Daniels-Midland Company | -0.16 | -0.06 | -0.01 | 85 | Consumer Defensive |
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