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 Nasdaq 100 Dynamic Overwrite Fund (QQQX) (Derivative Income) with a 1Y correlation of 0.28, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.28 | 0.26 | 0.25 | 68 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | NBB vs QQQX | |
| Nuveen Mid Cap Value Fund | 0.31 | 0.29 | 0.23 | 79 | Mid Cap Value Equities | NBB vs FASEX | |
| Nuveen Equity Index Fund Class I | 0.32 | 0.27 | 0.23 | 64 | Large Cap Blend Equities | NBB vs TIEIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.33 | 0.33 | 0.26 | 76 | High Yield Muni | NBB vs NVHIX | |
| Nuveen California Quality Municipal Income Fund | 0.36 | 0.49 | 0.46 | 83 | Municipal Bonds | NBB vs NAC |
See all 10 diversifiers for NBB
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NBB
Add NBB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NBB