Looking to diversify beyond NEAGX? The mutual funds below have historically moved differently from NEAGX, 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 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 Class A (QASGX) (Small Cap Growth Equities) with a 1Y correlation of 0.44, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.44 | 0.57 | 0.70 | 68 | Small Cap Growth Equities | NEAGX vs QASGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.44 | 0.57 | 0.70 | 71 | Small Cap Growth Equities | NEAGX vs QISGX | |
| Putnam Large Cap Value Fund | 0.62 | 0.65 | 0.68 | 92 | Large Cap Value Equities | NEAGX vs PEYAX | |
| Hennessy Cornerstone Growth Fund | 0.65 | 0.75 | 0.72 | 53 | Small Cap Blend Equities | NEAGX vs HFCGX | |
| Fuller & Thaler Behavioral Small-Cap Equity Fund | 0.70 | 0.75 | 0.78 | 78 | Small Cap Blend Equities | NEAGX vs FTHNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NEAGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.08, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.08 | 0.18 | 0.19 | 83 | Healthcare | |
| Sterling Infrastructure, Inc. | 0.71 | 0.64 | 0.61 | 84 | Industrials |
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