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
2 mutual funds have low correlation with NEFRX (below 0.3), 0 of which are negatively correlated. The least correlated is Loomis Sayles Senior Floating Rate and Fixed Income Fund (LSFYX) (Bank Loan) with a 1Y correlation of 0.13, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Loomis Sayles Senior Floating Rate and Fixed Incom... | 0.13 | 0.12 | 0.16 | 64 | Bank Loan | NEFRX vs LSFYX | |
| Gateway Fund Class Y Shares | 0.29 | 0.23 | 0.20 | 70 | Options Trading | NEFRX vs GTEYX | |
| Fidelity Advisor Emerging Markets Discovery Fund C... | 0.30 | 0.22 | 0.20 | 87 | Emerging Markets Equities | NEFRX vs FIQGX | |
| American Funds The New Economy Fund® Class F-2 | 0.31 | 0.19 | 0.19 | 88 | Global Equities | NEFRX vs NEFFX | |
| Gateway Fund | 0.32 | 0.23 | 0.20 | 68 | Options Trading | NEFRX vs GATEX |
See all 28 diversifiers for NEFRX
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