Looking to diversify beyond NFLY? The ETFs below have the lowest correlation with NFLY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NFLY.
Best Diversifiers for NFLY
1547 ETFs have low correlation with NFLY (below 0.3), 467 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.53, roughly unchanged from -0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.53 | -0.53 | -0.53 | 99 | Leveraged Equities, Semiconductors | NFLY vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | — | — | 68 | Inverse Equities, Leveraged Equities | NFLY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | — | — | 70 | Derivative Income | NFLY vs WNTR | |
| Themes US Infrastructure ETF | -0.17 | — | — | 57 | Industrials Equities | NFLY vs HWAY | |
| Proshares Ultrashort Bitcoin ETF | -0.16 | -0.25 | -0.25 | 52 | Cryptocurrency, Leveraged Cryptocurrency | NFLY vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NFLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NFLY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | -0.06 | — | — | 93 | Industrials | |
| Applied Digital Corporation | -0.04 | — | — | 90 | Technology | |
| Cogent Biosciences, Inc. | -0.03 | — | — | 97 | Healthcare | |
| QUALCOMM Incorporated | -0.02 | — | — | 59 | Technology | |
| Genco Shipping & Trading Limited | -0.02 | — | — | 91 | Industrials |
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