Looking to diversify beyond NEEIX? The mutual funds below have the lowest correlation with NEEIX — 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 NEEIX.
Best Diversifiers for NEEIX
0 mutual funds have low correlation with NEEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Discovery Mid Cap Growth Fund Class A (OEGAX) (Mid Cap Growth Equities) with a 1Y correlation of 0.70, down from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Discovery Mid Cap Growth Fund Class A | 0.70 | 0.76 | 0.81 | 54 | Mid Cap Growth Equities | NEEIX vs OEGAX | |
| Victory Munder Mid-Cap Core Growth Fund | 0.77 | 0.76 | 0.80 | 63 | Mid Cap Growth Equities | NEEIX vs MGOYX | |
| Essex Environmental Opportunities Fund | 0.78 | 0.78 | 0.82 | 79 | Mid Cap Growth Equities | NEEIX vs EEOFX | |
| Calamos Timpani SMID Growth Fund | 0.79 | 0.80 | 0.84 | 67 | Mid Cap Growth Equities | NEEIX vs CTIGX | |
| Pioneer Select Mid Cap Growth Fund | 0.82 | 0.83 | 0.86 | 61 | Mid Cap Growth Equities | NEEIX vs PGOFX |
See all 13 diversifiers for NEEIX
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