Looking to diversify beyond NBB? The mutual funds below have the lowest correlation with NBB — 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 NBB.
Best Diversifiers for NBB
1 mutual funds have low correlation with NBB (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Equity Long/Short Fund (NELIX) (Long-Short) with a 1Y correlation of 0.25, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Long/Short Fund | 0.25 | 0.20 | 0.17 | 58 | Long-Short | NBB vs NELIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.30 | 0.25 | 0.25 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | NBB vs QQQX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.31 | 0.32 | 0.26 | 65 | High Yield Muni | NBB vs NVHIX | |
| Nuveen Mid Cap Value Fund | 0.32 | 0.29 | 0.22 | 81 | Mid Cap Value Equities | NBB vs FASEX | |
| Miller Intermediate Bond Fund | 0.36 | 0.33 | 0.27 | 91 | Corporate Bonds | NBB vs MIFIX |
See all 10 diversifiers for NBB
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