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Needham Aggressive Growth Fund (NEAGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks long-term, tax-efficient capital appreciation. Under normal conditions, the fund invests at least 65% of its total assets in the equity securities (principally, common stock) of domestic issuers listed on a nationally recognized securities exchange. It invests principally in markets and industries with strong growth potential, focusing primarily on the market leaders in these areas as these companies often garner a disproportionate share of the positive financial returns.

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

0 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 0.34, down from 0.70 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QISGX
Federated Hermes MDT Small Cap Growth Fund0.340.570.70
78
Small Cap Growth EquitiesNEAGX vs QISGX
PEYAX
Putnam Large Cap Value Fund0.690.680.70
84
Large Cap Value EquitiesNEAGX vs PEYAX
FBGRX
Fidelity Blue Chip Growth Fund0.710.740.80
68
Large Cap Growth EquitiesNEAGX vs FBGRX
FSELX
Fidelity Select Semiconductors Portfolio0.710.730.75
96
Semiconductors, Technology EquitiesNEAGX vs FSELX
JESGX
John Hancock Variable Insurance Trust Small Cap St...0.730.750.80
54
Small Cap Growth EquitiesNEAGX vs JESGX
See all 83 diversifiers for NEAGX

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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 0.11, roughly unchanged from 0.20 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
LLY
Eli Lilly and Company0.110.190.20
74
Healthcare
STRL
Sterling Infrastructure, Inc.0.650.620.60
96
Industrials

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Diversification Analysis

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