Looking to diversify beyond NEWFX? The mutual funds below have the lowest correlation with NEWFX — 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 NEWFX.
Best Diversifiers for NEWFX
0 mutual funds have low correlation with NEWFX (below 0.3), 0 of which are negatively correlated. The least correlated is American Funds Multi-Sector Income Fund (MIAQX) (Multisector Bonds) with a 1Y correlation of 0.36, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds Multi-Sector Income Fund | 0.36 | 0.35 | 0.40 | 55 | Multisector Bonds | NEWFX vs MIAQX | |
| American Funds American High-Income Trust | 0.52 | 0.50 | 0.54 | 84 | High Yield Bonds | NEWFX vs AHITX | |
| Fidelity Small Cap Value Fund | 0.53 | 0.60 | 0.68 | 50 | Small Cap Value Equities | NEWFX vs FCPVX | |
| Fidelity Equity-Income Fund | 0.53 | 0.61 | 0.69 | 68 | Large Cap Value Equities | NEWFX vs FEQIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.58 | 0.70 | 0.72 | 87 | Emerging Markets Diversified | NEWFX vs ESCIX |
See all 43 diversifiers for NEWFX
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