Looking to diversify beyond NFXL? The ETFs below have the lowest correlation with NFXL — 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 NFXL.
Best Diversifiers for NFXL
1059 ETFs have low correlation with NFXL (below 0.3), 195 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.16 | — | — | 98 | Ultrashort Bond | NFXL vs BAMU | |
| iShares U.S. Oil Equipment & Services ETF | -0.12 | — | — | 74 | Energy Equities | NFXL vs IEZ | |
| VanEck Oil Refiners ETF | -0.12 | — | — | 69 | Energy Equities | NFXL vs CRAK | |
| GraniteShares 2x Long MU Daily ETF | -0.11 | — | — | 98 | Leveraged Equities | NFXL vs MULL | |
| Themes US Infrastructure ETF | -0.11 | 0.08 | 0.08 | 71 | Industrials Equities | NFXL vs HWAY |
See all 1060 diversifiers for NFXL
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