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
291 ETFs have low correlation with NFLX (below 0.3), 110 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.55, roughly unchanged from -0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.55 | -0.55 | -0.55 | 99 | Leveraged Equities, Semiconductors | NFLX vs MUU | |
| First Trust RBA American Industrial Renaissance ET... | -0.14 | 0.17 | 0.28 | 66 | Building & Construction | NFLX vs AIRR | |
| First Trust Nasdaq Semiconductor ETF | -0.13 | 0.21 | 0.35 | 94 | Semiconductors, Technology Equities | NFLX vs FTXL | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.12 | — | — | 95 | Technology Equities | NFLX vs AIS | |
| YieldMax Semiconductor Portfolio Option Income ETF | -0.11 | -0.03 | -0.03 | 94 | Derivative Income, Semiconductors | NFLX vs CHPY |
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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 Caterpillar Inc. (CAT) (Industrials) with a 1Y correlation of -0.24, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Caterpillar Inc. | -0.24 | 0.10 | 0.15 | 97 | Industrials | |
| Seagate Technology plc | -0.23 | 0.07 | 0.22 | 99 | Technology | |
| Deere & Company | -0.22 | 0.03 | 0.11 | 61 | Industrials | |
| Western Digital Corporation | -0.18 | 0.12 | 0.23 | 99 | Technology | |
| AAON, Inc. | -0.18 | 0.09 | 0.20 | 72 | Industrials |
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