Looking to diversify beyond NAEFX? The mutual funds below have the lowest correlation with NAEFX — 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 NAEFX.
Best Diversifiers for NAEFX
0 mutual funds have low correlation with NAEFX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) (Large Cap Blend Equities) with a 1Y correlation of 0.64, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.64 | 0.57 | 0.62 | 65 | Large Cap Blend Equities | NAEFX vs VTSAX | |
| Fidelity Environment and Alternative Energy Fund | 0.72 | 0.64 | 0.68 | 54 | Alternative Energy Equities | NAEFX vs FSLEX | |
| New Alternatives Fund | 1.00 | 1.00 | 1.00 | 59 | Global Equities | NAEFX vs NALFX |
Diversification Analysis
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