Looking to diversify beyond NEFFX? The mutual funds below have historically moved differently from NEFFX, 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 NEFFX
9 mutual funds have low correlation with NEFFX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of -0.11, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | -0.11 | 0.31 | 0.44 | 70 | Quality Factor, Global Equities | NEFFX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.04 | 0.22 | 0.40 | 79 | Infrastructure Equities, Global Equities | NEFFX vs CSUAX | |
| Putnam Ultra Short Duration Income Fund | 0.07 | 0.05 | 0.05 | 99 | Ultrashort Bond | NEFFX vs PSDYX | |
| Nuveen Global Infrastructure Fund Class A | 0.13 | 0.30 | 0.48 | 66 | Infrastructure Equities, Global Equities | NEFFX vs FGIAX | |
| SEI Institutional Managed Trust Global Managed Vol... | 0.16 | 0.43 | 0.58 | 53 | Global Equities, Low Volatility | NEFFX vs SVTAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NEFFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.18, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.18 | 0.01 | 0.19 | 77 | Real Estate |
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