Looking to diversify beyond NELIX? The mutual funds below have the lowest correlation with NELIX — 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 NELIX.
Best Diversifiers for NELIX
37 mutual funds have low correlation with NELIX (below 0.3), 0 of which are negatively correlated. The least correlated is Knights of Columbus Long/Short Equity Fund (KCEIX) (Long-Short) with a 1Y correlation of 0.00, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | 0.00 | 0.29 | 0.28 | 60 | Long-Short | NELIX vs KCEIX | |
| Vanguard Market Neutral Fund Institutional Shares | 0.04 | 0.04 | 0.06 | 85 | Long-Short | NELIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.05 | 0.04 | 0.07 | 85 | Long-Short | NELIX vs VMNFX | |
| Nuveen Short Term Municipal Bond Fund | 0.12 | 0.09 | 0.04 | 72 | Municipal Bonds | NELIX vs FSHYX | |
| Nuveen Colorado Municipal Bond Fund | 0.13 | 0.07 | 0.06 | 72 | Municipal Bonds | NELIX vs FCOTX |
See all 72 diversifiers for NELIX
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