Looking to diversify beyond NAEFX? The mutual funds below have historically moved differently from NAEFX, 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 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 0.65, roughly unchanged from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund Admiral Sha... | 0.65 | 0.57 | 0.62 | 64 | Large Cap Blend Equities | NAEFX vs VTSAX | |
| Goldman Sachs Clean Energy Income Fund Class A Sha... | 0.86 | 0.86 | 0.89 | 60 | Alternative Energy Equities, Energy Equities | NAEFX vs GCEBX | |
| New Alternatives Fund | 1.00 | 1.00 | 1.00 | 54 | Global Equities | NAEFX vs NALFX |
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