Looking to diversify beyond NFLY? The ETFs below have historically moved differently from NFLY, 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 NFLY
1720 ETFs have low correlation with NFLY (below 0.3), 498 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.18 | — | — | 61 | Inverse Equities, Leveraged Equities | NFLY vs MSTZ | |
| Brookstone Ultra-Short Bond ETF | -0.18 | — | — | 99 | Ultrashort Bond | NFLY vs BAMU | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.18 | — | — | 75 | Derivative Income | NFLY vs WNTR | |
| Tema Electrification ETF | -0.16 | — | — | 63 | Global Equities | NFLY vs VOLT | |
| GraniteShares 2x Long MU Daily ETF | -0.15 | — | — | 98 | Leveraged Equities | NFLY vs MULL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NFLY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | -0.09 | — | — | 76 | Industrials | |
| Applied Digital Corporation | -0.06 | — | — | 78 | Technology | |
| Cogent Biosciences, Inc. | -0.02 | — | — | 97 | Healthcare | |
| Genco Shipping & Trading Limited | 0.01 | — | — | 89 | Industrials | |
| Allianz SE ADR | 0.02 | — | — | 84 | Financial Services |
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