Looking to diversify beyond NEAGX? The mutual funds below have the lowest correlation with NEAGX — 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 NEAGX.
Best Diversifiers for NEAGX
1 mutual funds have low correlation with NEAGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.29, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.29 | 0.56 | 0.70 | 66 | Small Cap Growth Equities | NEAGX vs QISGX | |
| Fidelity NASDAQ Composite Index Fund | 0.69 | 0.70 | 0.74 | 70 | Large Cap Growth Equities | NEAGX vs FNCMX | |
| Putnam Large Cap Value Fund | 0.69 | 0.68 | 0.70 | 75 | Large Cap Value Equities | NEAGX vs PEYAX | |
| Loomis Sayles Small Cap Growth Fund | 0.72 | 0.79 | 0.82 | 51 | Small Cap Growth Equities | NEAGX vs LSSIX | |
| Fidelity Growth Company K6 Fund | 0.72 | 0.75 | 0.80 | 85 | Large Cap Growth Equities | NEAGX vs FGKFX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NEAGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NEAGX and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.12, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.12 | 0.20 | 0.21 | 72 | Healthcare | |
| Sterling Construction Company, Inc. | 0.66 | 0.62 | 0.60 | 97 | Industrials |
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