Looking to diversify beyond NEFRX? The mutual funds below have the lowest correlation with NEFRX — 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 NEFRX.
Best Diversifiers for NEFRX
8 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 -0.23, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.23 | -0.10 | -0.06 | 75 | Commodities | NEFRX vs PCLIX | |
| Loomis Sayles Senior Floating Rate and Fixed Incom... | 0.13 | 0.12 | 0.16 | 63 | Bank Loan | NEFRX vs LSFYX | |
| Gateway Fund | 0.26 | 0.23 | 0.20 | 75 | Options Trading | NEFRX vs GATEX | |
| American Funds The New Economy Fund® Class F-2 | 0.27 | 0.18 | 0.18 | 88 | Global Equities | NEFRX vs NEFFX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 0.27 | 0.21 | 0.20 | 87 | Emerging Markets Equities | NEFRX vs FIQGX |
See all 30 diversifiers for NEFRX
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