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
2 mutual funds have low correlation with NBNGX (below 0.3), 0 of which are negatively correlated. The least correlated is SIT Tax Free Income Fund (SNTIX) (Municipal Bonds) with a 1Y correlation of 0.20, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SIT Tax Free Income Fund | 0.20 | 0.11 | 0.14 | 80 | Municipal Bonds | NBNGX vs SNTIX | |
| SIT Minnesota Tax Free Income Fund | 0.20 | 0.09 | 0.11 | 82 | Municipal Bonds | NBNGX vs SMTFX | |
| Baron Focused Growth Fund | 0.59 | 0.73 | 0.79 | 53 | Mid Cap Growth Equities | NBNGX vs BFGFX | |
| Baron Focused Growth Fund Institutional Shares | 0.59 | 0.73 | 0.79 | 54 | Mid Cap Growth Equities | NBNGX vs BFGIX | |
| SIT Developing Markets Growth Fund | 0.61 | 0.62 | 0.65 | 83 | Emerging Markets Diversified | NBNGX vs SDMGX |
See all 18 diversifiers for NBNGX
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