Looking to diversify beyond NFEPX? The mutual funds below have the lowest correlation with NFEPX — 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 NFEPX.
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 (GSFTX) (Large Cap Value Equities) with a 1Y correlation of 0.38, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund | 0.38 | 0.52 | 0.67 | 79 | Large Cap Value Equities | NFEPX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.38 | 0.53 | 0.67 | 79 | Large Cap Value Equities, Dividend | NFEPX vs CDDYX | |
| Columbia Dividend Income Fund Class A | 0.38 | 0.53 | 0.67 | 77 | Large Cap Value Equities | NFEPX vs LBSAX | |
| Baron Partners Fund | 0.53 | 0.61 | 0.69 | 72 | Large Cap Growth Equities | NFEPX vs BPTRX | |
| ICON Equity Fund | 0.55 | 0.58 | 0.72 | 84 | Large Cap Growth Equities | NFEPX vs IOLZX |
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