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
297 ETFs have low correlation with NFLX (below 0.3), 74 of which are negatively correlated. The least correlated is Fidelity MSCI Energy Index ETF (FENY) (Energy Equities) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Energy Index ETF | -0.09 | 0.05 | 0.09 | 64 | Energy Equities | NFLX vs FENY | |
| First Trust Nasdaq Semiconductor ETF | -0.09 | 0.25 | 0.37 | 97 | Semiconductors, Technology Equities | NFLX vs FTXL | |
| Vanguard Energy ETF | -0.09 | 0.05 | 0.09 | 64 | Energy Equities | NFLX vs VDE | |
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.04 | 0.08 | 63 | Energy Equities | NFLX vs XLE | |
| Eaton Vance Floating-Rate ETF | -0.08 | 0.09 | 0.09 | 73 | Bank Loan | NFLX vs EVLN |
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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 Archer-Daniels-Midland Company (ADM) (Consumer Defensive) with a 1Y correlation of -0.18, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Archer-Daniels-Midland Company | -0.18 | -0.06 | -0.01 | 94 | Consumer Defensive | |
| Bunge Limited | -0.18 | -0.06 | -0.01 | 91 | Consumer Defensive | |
| Seagate Technology plc | -0.17 | 0.12 | 0.24 | 99 | Technology | |
| Liberty Oilfield Services Inc. | -0.17 | 0.04 | 0.07 | 91 | Energy | |
| PACCAR Inc | -0.15 | 0.07 | 0.15 | 69 | Industrials |
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