Looking to diversify beyond NBNGX? The mutual funds below have the lowest correlation with NBNGX — 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 NBNGX.
Best Diversifiers for NBNGX
3 mutual funds have low correlation with NBNGX (below 0.3), 0 of which are negatively correlated. The least correlated is Sit Quality Income Fund (SQIFX) (Ultrashort Bond) with a 1Y correlation of 0.17, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sit Quality Income Fund | 0.17 | 0.11 | 0.10 | 54 | Ultrashort Bond | NBNGX vs SQIFX | |
| SIT Minnesota Tax Free Income Fund | 0.19 | 0.09 | 0.11 | 89 | Municipal Bonds | NBNGX vs SMTFX | |
| SIT Tax Free Income Fund | 0.20 | 0.11 | 0.15 | 91 | Municipal Bonds | NBNGX vs SNTIX | |
| SIT Developing Markets Growth Fund | 0.63 | 0.63 | 0.66 | 74 | Emerging Markets Diversified | NBNGX vs SDMGX | |
| Sit Small Cap Dividend Growth Fund | 0.77 | 0.82 | 0.87 | 61 | Small Cap Blend Equities | NBNGX vs SSCDX |
See all 14 diversifiers for NBNGX
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