Looking to diversify beyond NEFRX? The mutual funds below have historically moved differently from NEFRX, 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 NEFRX
2 mutual funds have low correlation with NEFRX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLIX) (Commodities) with a 1Y correlation of -0.28, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.28 | -0.12 | -0.06 | 67 | Commodities | NEFRX vs PCLIX | |
| Loomis Sayles Senior Floating Rate and Fixed Incom... | 0.15 | 0.10 | 0.16 | 67 | Bank Loan | NEFRX vs LSFYX | |
| JPMorgan Equity Income Fund R6 | 0.30 | 0.20 | 0.17 | 94 | Large Cap Value Equities, Dividend | NEFRX vs OIEJX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 0.31 | 0.22 | 0.21 | 87 | Emerging Markets Equities | NEFRX vs FIQGX | |
| American Funds The New Economy Fund® Class F-2 | 0.32 | 0.19 | 0.19 | 74 | Global Equities | NEFRX vs NEFFX |
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