Looking to diversify beyond NBXG? The mutual funds below have historically moved differently from NBXG, 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 NBXG
3 mutual funds have low correlation with NBXG (below 0.3), 0 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of 0.08, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | 0.08 | 0.22 | 0.31 | 66 | MLPs, Energy Equities | NBXG vs NML | |
| Neuberger Berman Municipal Intermediate Bond Fund | 0.18 | 0.11 | 0.13 | 62 | Municipal Bonds | NBXG vs NMUIX | |
| Neuberger Berman Floating Rate Income Fund | 0.29 | 0.23 | 0.27 | 91 | Bank Loan | NBXG vs NFIAX | |
| ARK Venture Fund | 0.43 | 0.52 | 0.56 | 98 | Technology Equities | NBXG vs ARKVX | |
| Neuberger Berman Emerging Markets Equity Fund | 0.50 | 0.53 | 0.57 | 52 | Emerging Markets Equities | NBXG vs NEMIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NBXG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.37, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.37 | -0.10 | 0.06 | 87 | Financial Services | |
| Verizon Communications Inc. | -0.28 | -0.13 | -0.00 | 66 | Communication Services | |
| Berkshire Hathaway Inc. | -0.20 | 0.08 | 0.24 | 61 | Financial Services | |
| Kinder Morgan, Inc. | -0.09 | 0.13 | 0.22 | 69 | Energy | |
| NextEra Energy, Inc. | -0.02 | 0.04 | 0.19 | 77 | Utilities |
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