Looking to diversify beyond NFEPX? The mutual funds below have historically moved differently from NFEPX, 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 NFEPX
0 mutual funds have low correlation with NFEPX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Institutional 3 Class (CDDYX) (Large Cap Value Equities) with a 1Y correlation of 0.34, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.34 | 0.50 | 0.66 | 90 | Large Cap Value Equities, Dividend | NFEPX vs CDDYX | |
| Columbia Dividend Income Fund Class A | 0.35 | 0.50 | 0.66 | 89 | Large Cap Value Equities | NFEPX vs LBSAX | |
| Columbia Dividend Income Fund | 0.35 | 0.51 | 0.66 | 90 | Large Cap Value Equities | NFEPX vs GSFTX | |
| Columbia Overseas Value Fund | 0.51 | 0.48 | 0.58 | 72 | Foreign Large Cap Equities | NFEPX vs COSZX | |
| Davis New York Venture Fund Class Y | 0.59 | 0.68 | 0.76 | 90 | Large Cap Growth Equities | NFEPX vs DNVYX |
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