Looking to diversify beyond NEFSX? The mutual funds below have historically moved differently from NEFSX, 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 NEFSX
1 mutual funds have low correlation with NEFSX (below 0.3), 0 of which are negatively correlated. The least correlated is Loomis Sayles Limited Term Government And Agency Fund (NEFLX) (Government Bonds) with a 1Y correlation of 0.27, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Loomis Sayles Limited Term Government And Agency F... | 0.27 | 0.12 | 0.09 | 67 | Government Bonds | NEFSX vs NEFLX | |
| Natixis Funds Trust IV AEW Global Focused Real Est... | 0.31 | 0.52 | 0.61 | 63 | REIT | NEFSX vs NRFYX | |
| Loomis Sayles Senior Floating Rate and Fixed Incom... | 0.33 | 0.28 | 0.28 | 73 | Bank Loan | NEFSX vs LSFYX | |
| American Growth Fund Series One | 0.38 | 0.58 | 0.71 | 56 | Large Cap Growth Equities | NEFSX vs AMRGX | |
| Fidelity OTC K6 Portfolio | 0.44 | 0.54 | 0.69 | 66 | Large Cap Growth Equities | NEFSX vs FOKFX |
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