Looking to diversify beyond NEFLX? The mutual funds below have the lowest correlation with NEFLX — 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 NEFLX.
Best Diversifiers for NEFLX
4 mutual funds have low correlation with NEFLX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.04 | 0.12 | 0.09 | 99 | Government Bonds | NEFLX vs GUSTX | |
| Gateway Fund Class Y Shares | 0.15 | 0.10 | 0.08 | 68 | Options Trading | NEFLX vs GTEYX | |
| Gateway Fund | 0.16 | 0.10 | 0.08 | 67 | Options Trading | NEFLX vs GATEX | |
| Federated Hermes Adjustable Rate Fund | 0.23 | 0.51 | 0.51 | 99 | Government Bonds | NEFLX vs FEUGX | |
| AlphaSimplex Global Alternatives Fund | 0.30 | 0.06 | -0.01 | 71 | Multistrategy | NEFLX vs GAFYX |
See all 14 diversifiers for NEFLX
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