Looking to diversify beyond NBGIX? The mutual funds below have historically moved differently from NBGIX, 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 NBGIX
5 mutual funds have low correlation with NBGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of 0.05, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | 0.05 | 0.30 | 0.42 | 71 | MLPs, Energy Equities | NBGIX vs NML | |
| Neuberger Berman Floating Rate Income Fund | 0.16 | 0.16 | 0.22 | 95 | Bank Loan | NBGIX vs NFIAX | |
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.24 | 0.56 | 0.74 | 68 | Small Cap Growth Equities | NBGIX vs QASGX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.24 | 0.56 | 0.74 | 71 | Small Cap Growth Equities | NBGIX vs QISGX | |
| Neuberger Berman Municipal Intermediate Bond Fund | 0.27 | 0.15 | 0.13 | 70 | Municipal Bonds | NBGIX vs NMUIX |
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