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Needham Growth Fund (NEEGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks long-term, tax-efficient capital appreciation. The fund normally 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 may, but is not required to, invest in the securities of companies of any market capitalization and from a variety of industries included in the technology, healthcare, energy and industrials, specialty retailing, media/leisure/cable/entertainment and business and consumer services sectors.

Looking to diversify beyond NEEGX? The mutual funds below have the lowest correlation with NEEGX — 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 NEEGX.

Best Diversifiers for NEEGX

0 mutual funds have low correlation with NEEGX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Mid-Cap Index Fund (TRMSX) (Mid Cap Growth Equities) with a 1Y correlation of 0.66, down from 0.80 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
TRMSX
T. Rowe Price Mid-Cap Index Fund0.660.730.80
54
Mid Cap Growth EquitiesNEEGX vs TRMSX
OEGAX
Invesco Discovery Mid Cap Growth Fund Class A0.700.760.81
56
Mid Cap Growth EquitiesNEEGX vs OEGAX
FOCPX
Fidelity OTC Portfolio0.700.750.81
92
Large Cap Growth EquitiesNEEGX vs FOCPX
ETILX
Eventide Gilead Class I0.710.770.81
51
Mid Cap Growth EquitiesNEEGX vs ETILX
MGOYX
Victory Munder Mid-Cap Core Growth Fund0.770.760.81
62
Mid Cap Growth EquitiesNEEGX vs MGOYX
See all 17 diversifiers for NEEGX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from NEEGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NEEGX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.48, down from 0.67 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NVDA
NVIDIA Corporation0.480.580.67
82
Technology

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