Looking to diversify beyond NAESX? The mutual funds below have the lowest correlation with NAESX — 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 NAESX.
Best Diversifiers for NAESX
0 mutual funds have low correlation with NAESX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) (High Yield Bonds) with a 1Y correlation of 0.58, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock High Yield Bond Portfolio Institutional ... | 0.58 | 0.57 | 0.57 | 75 | High Yield Bonds | NAESX vs BHYIX | |
| Fidelity Select Semiconductors Portfolio | 0.59 | 0.61 | 0.68 | 94 | Semiconductors, Technology Equities | NAESX vs FSELX | |
| Vanguard Information Technology Index Fund Admiral... | 0.64 | 0.66 | 0.73 | 51 | Technology Equities | NAESX vs VITAX | |
| Vanguard Wellington Fund Investor Shares | 0.75 | 0.78 | 0.81 | 53 | Diversified Portfolio | NAESX vs VWELX | |
| Auer Growth Fund | 0.75 | 0.78 | 0.81 | 84 | Small Cap Blend Equities | NAESX vs AUERX |
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