Looking to diversify beyond NEIMX? The mutual funds below have the lowest correlation with NEIMX — 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 NEIMX.
Best Diversifiers for NEIMX
2 mutual funds have low correlation with NEIMX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.15, down from 0.73 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.15 | 0.51 | 0.73 | 65 | Large Cap Value Equities | NEIMX vs LEIFX | |
| JPMorgan Managed Income Fund | 0.17 | 0.08 | 0.03 | 98 | Ultrashort Bond | NEIMX vs JMGIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.35 | 0.47 | 0.64 | 78 | Large Cap Value Equities | NEIMX vs SVAIX | |
| Smead Value Fund | 0.50 | 0.67 | 0.76 | 62 | Large Cap Value Equities | NEIMX vs SMVLX | |
| Edgar Lomax Value Fund | 0.54 | 0.68 | 0.80 | 84 | Large Cap Value Equities | NEIMX vs LOMAX |
See all 204 diversifiers for NEIMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NEIMX
Add NEIMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NEIMX