Looking to diversify beyond NBNGX? The mutual funds below have historically moved differently from NBNGX, 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 NBNGX
2 mutual funds have low correlation with NBNGX (below 0.3), 0 of which are negatively correlated. The least correlated is SIT Minnesota Tax Free Income Fund (SMTFX) (Municipal Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SIT Minnesota Tax Free Income Fund | 0.21 | 0.10 | 0.11 | 76 | Municipal Bonds | NBNGX vs SMTFX | |
| SIT Tax Free Income Fund | 0.21 | 0.12 | 0.14 | 87 | Municipal Bonds | NBNGX vs SNTIX | |
| SIT Developing Markets Growth Fund | 0.66 | 0.63 | 0.66 | 65 | Emerging Markets Equities | NBNGX vs SDMGX | |
| USAA Extended Market Index Fund | 0.76 | 0.80 | 0.86 | 62 | Mid Cap Growth Equities | NBNGX vs USMIX | |
| SIT Dividend Growth Fund | 0.78 | 0.83 | 0.86 | 71 | Large Cap Blend Equities | NBNGX vs SDVGX |
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