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 Victory Munder Mid-Cap Core Growth Fund (MGOYX) (Mid Cap Growth Equities) with a 1Y correlation of 0.79, roughly unchanged from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Munder Mid-Cap Core Growth Fund | 0.79 | 0.76 | 0.81 | 70 | Mid Cap Growth Equities | NEEIX vs MGOYX | |
| Essex Environmental Opportunities Fund | 0.79 | 0.78 | 0.82 | 53 | Mid Cap Growth Equities | NEEIX vs EEOFX | |
| SEI Institutional Investments Trust Extended Marke... | 0.82 | 0.81 | 0.85 | 52 | Mid Cap Growth Equities | NEEIX vs SMXAX | |
| Calamos Timpani SMID Growth Fund | 0.83 | 0.81 | 0.84 | 67 | Mid Cap Growth Equities | NEEIX vs CTIGX | |
| Vanguard S&P Mid-Cap 400 Growth Index Fund Institu... | 0.83 | 0.81 | 0.84 | 52 | Mid Cap Growth Equities | NEEIX vs VMFGX |
See all 15 diversifiers for NEEIX
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