Looking to diversify beyond NEFLX? The mutual funds below have historically moved differently from NEFLX, 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 NEFLX
6 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 0.03, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.03 | 0.13 | 0.10 | 99 | Government Bonds | NEFLX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.21 | 0.50 | 0.50 | 99 | Government Bonds | NEFLX vs FEUGX | |
| Gateway Fund Class Y Shares | 0.24 | 0.12 | 0.10 | 64 | Options Trading | NEFLX vs GTEYX | |
| Gateway Fund | 0.24 | 0.12 | 0.10 | 62 | Options Trading | NEFLX vs GATEX | |
| Gateway Equity Call Premium Fund | 0.28 | 0.13 | 0.09 | 80 | Options Trading | NEFLX vs GCPYX |
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