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
4 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 0.10, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.10 | 0.48 | 0.71 | 71 | Large Cap Value Equities | NEIMX vs LEIFX | |
| JPMorgan Managed Income Fund | 0.18 | 0.09 | 0.03 | 98 | Ultrashort Bond | NEIMX vs JMGIX | |
| Voya Corporate Leaders Trust Fund | 0.19 | 0.47 | 0.65 | 68 | Large Cap Value Equities | NEIMX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.27 | 0.45 | 0.63 | 86 | Large Cap Value Equities | NEIMX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.38 | 0.65 | 0.78 | 61 | Large Cap Value Equities | NEIMX vs BUFBX |
See all 222 diversifiers for NEIMX
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