Looking to diversify beyond NFXL? The ETFs below have historically moved differently from NFXL, 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 NFXL
1280 ETFs have low correlation with NFXL (below 0.3), 359 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.18 | — | — | 99 | Ultrashort Bond | NFXL vs BAMU | |
| Direxion Daily MU Bull 2X Shares | -0.17 | 0.01 | 0.01 | 98 | Leveraged Equities, Semiconductors | NFXL vs MUU | |
| GraniteShares 2x Long MU Daily ETF | -0.17 | — | — | 98 | Leveraged Equities | NFXL vs MULL | |
| First Trust Nasdaq Semiconductor ETF | -0.16 | 0.06 | 0.06 | 91 | Semiconductors, Technology Equities | NFXL vs FTXL | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.16 | 0.07 | 0.07 | 89 | Artificial Intelligence, Technology Equities | NFXL vs AIS |
See all 1280 diversifiers for NFXL
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