Looking to diversify beyond NEAIX? The mutual funds below have historically moved differently from NEAIX, 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 NEAIX
1 mutual funds have low correlation with NEAIX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.18, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.18 | 0.27 | 0.40 | 80 | Infrastructure Equities, Energy Equities | NEAIX vs JEEIX | |
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.44 | 0.57 | 0.70 | 60 | Small Cap Growth Equities | NEAIX vs QASGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.44 | 0.57 | 0.70 | 63 | Small Cap Growth Equities | NEAIX vs QISGX | |
| Aegis Value Fund Class I | 0.50 | 0.50 | 0.52 | 94 | Small Cap Value Equities | NEAIX vs AVALX | |
| Avantis U.S. Small Cap Value Fund | 0.69 | 0.73 | 0.74 | 90 | Small Cap Value Equities | NEAIX vs AVUVX |
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