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 Tanaka Growth Fund (TGFRX) (Mid Cap Growth Equities) with a 1Y correlation of 0.68, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tanaka Growth Fund | 0.68 | 0.73 | 0.78 | 53 | Mid Cap Growth Equities | NEEGX vs TGFRX | |
| Fidelity OTC Portfolio | 0.72 | 0.76 | 0.81 | 90 | Large Cap Growth Equities | NEEGX vs FOCPX | |
| Invesco Discovery Mid Cap Growth Fund Class A | 0.74 | 0.77 | 0.82 | 56 | Mid Cap Growth Equities | NEEGX vs OEGAX | |
| Eventide Gilead Fund | 0.74 | 0.77 | 0.81 | 54 | Mid Cap Growth Equities | NEEGX vs ETGLX | |
| Eventide Gilead Class I | 0.74 | 0.77 | 0.81 | 55 | Mid Cap Growth Equities | NEEGX vs ETILX |
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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 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.48 | 0.58 | 0.68 | 72 | Technology |
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