Looking to diversify beyond NBGNX? The mutual funds below have the lowest correlation with NBGNX — 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 NBGNX.
Best Diversifiers for NBGNX
3 mutual funds have low correlation with NBGNX (below 0.3), 0 of which are negatively correlated. The least correlated is Neuberger Berman Floating Rate Income Fund (NFIAX) (Bank Loan) with a 1Y correlation of 0.12, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Floating Rate Income Fund | 0.12 | 0.16 | 0.22 | 92 | Bank Loan | NBGNX vs NFIAX | |
| Federated Hermes MDT Small Cap Growth Fund | 0.21 | 0.58 | 0.75 | 72 | Small Cap Growth Equities | NBGNX vs QISGX | |
| Neuberger Berman Municipal Intermediate Bond Fund | 0.22 | 0.14 | 0.12 | 72 | Municipal Bonds | NBGNX vs NMUIX | |
| Neuberger Berman High Income Bond Fund | 0.47 | 0.49 | 0.50 | 59 | High Yield Bonds | NBGNX vs NHINX | |
| Invesco Developing Markets Fund | 0.50 | 0.54 | 0.58 | 74 | Emerging Markets Diversified | NBGNX vs ODMAX |
See all 74 diversifiers for NBGNX
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