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
1195 ETFs have low correlation with NFXL (below 0.3), 194 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Oil Equipment & Services ETF | -0.15 | — | — | 89 | Energy Equities | NFXL vs IEZ | |
| Brookstone Ultra-Short Bond ETF | -0.14 | — | — | 98 | Ultrashort Bond | NFXL vs BAMU | |
| VanEck Oil Refiners ETF | -0.13 | -0.03 | -0.03 | 93 | Energy Equities | NFXL vs CRAK | |
| GraniteShares 2x Long MU Daily ETF | -0.12 | — | — | 99 | Leveraged Equities | NFXL vs MULL | |
| Direxion Daily MU Bull 2X Shares | -0.12 | — | — | 99 | Leveraged Equities | NFXL vs MUU |
See all 1196 diversifiers for NFXL
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Diversification Analysis
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