Looking to diversify beyond NESGX? The mutual funds below have historically moved differently from NESGX, 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 NESGX
0 mutual funds have low correlation with NESGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund Class A (QASGX) (Small Cap Growth Equities) with a 1Y correlation of 0.43, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.43 | 0.59 | 0.72 | 68 | Small Cap Growth Equities | NESGX vs QASGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.43 | 0.59 | 0.72 | 71 | Small Cap Growth Equities | NESGX vs QISGX | |
| John Hancock Variable Insurance Trust Small Cap St... | 0.72 | 0.77 | 0.82 | 53 | Small Cap Growth Equities | NESGX vs JESGX | |
| Loomis Sayles Small Cap Growth Fund | 0.73 | 0.79 | 0.83 | 61 | Small Cap Growth Equities | NESGX vs LSSIX | |
| Voya MI Dynamic Small Cap Fund Class I | 0.73 | 0.77 | 0.79 | 57 | Small Cap Growth Equities | NESGX vs VYSAX |
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