NetFlix Inc (NFLX) — Stock Correlations & Overview
Over the past year, NFLX has moved most closely with NFLU, NFXL, NFLW. Explore the stocks most correlated and inversely correlated with NFLX below, along with its price, financials, and company profile.
Stocks correlated with NFLX
Correlation of daily returns. Higher positive values move with NFLX; negative values move opposite it. Informational only, not investment advice.
Most correlated with NFLX
| Symbol | Company | Correlation |
|---|---|---|
| NFLU | T-Rex 2X Long NFLX Daily Target ETF | 1.00 |
| NFXL | Direxion Shares ETF Trust Direxion Daily NFLX Bull 2X ETF | 1.00 |
| NFLW | Roundhill NFLX WeeklyPay ETF | 0.99 |
| NFLP | Kurv Yield Premium Strategy Netflix (NFLX) ETF | 0.98 |
| NFLY | YieldMax NFLX Option Income Strategy ETF | 0.94 |
Most inversely correlated with NFLX
| Symbol | Company | Correlation |
|---|---|---|
| NFXS | Direxion Shares ETF Trust Direxion Daily NFLX Bear 1X ETF | -0.99 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.34 |
| VICR | Vicor CorpELECTRONIC COMPONENTS, NEC | -0.29 |
| XPOF | Xponential Fitness, Inc.SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION | -0.25 |
| BHE | Benchmark ElectronicsPRINTED CIRCUIT BOARDS | -0.24 |
Frequently asked questions about NFLX correlations
- Which stocks are most correlated with NFLX?
- Based on one year of daily returns, the stocks most correlated with NetFlix Inc (NFLX) are NFLU (1.00), NFXL (1.00) and NFLW (0.99). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with NFLX?
- Over the past year, the stocks most inversely correlated with NetFlix Inc (NFLX) are NFXS (-0.99), WEBS (-0.34) and VICR (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these NFLX correlations calculated?
- We compute the correlation of daily returns between NFLX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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