Looking to diversify beyond NBMIX? The mutual funds below have historically moved differently from NBMIX, 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 NBMIX
2 mutual funds have low correlation with NBMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of 0.06, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | 0.06 | 0.27 | 0.40 | 71 | MLPs, Energy Equities | NBMIX vs NML | |
| Neuberger Berman Floating Rate Income Fund | 0.22 | 0.18 | 0.23 | 95 | Bank Loan | NBMIX vs NFIAX | |
| Neuberger Berman Emerging Markets Equity Fund | 0.45 | 0.50 | 0.55 | 55 | Emerging Markets Equities | NBMIX vs NEMIX | |
| Neuberger Berman Sustainable Equity Fund | 0.66 | 0.74 | 0.78 | 65 | Large Cap Blend Equities | NBMIX vs NBSRX | |
| Neuberger Berman Large Cap Value Fund | 0.72 | 0.65 | 0.67 | 96 | Large Cap Value Equities | NBMIX vs NPRTX |
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