Looking to diversify beyond NBXG? The mutual funds below have the lowest correlation with NBXG — 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 NBXG.
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 0.06, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | 0.06 | 0.22 | 0.31 | 54 | MLPs, Energy Equities | NBXG vs NML | |
| Neuberger Berman Municipal Intermediate Bond Fund | 0.18 | 0.12 | 0.14 | 76 | Municipal Bonds | NBXG vs NMUIX | |
| Neuberger Berman Floating Rate Income Fund | 0.29 | 0.24 | 0.27 | 93 | Bank Loan | NBXG vs NFIAX | |
| NXG NextGen Infrastructure Income Fund | 0.40 | 0.33 | — | 75 | Global Equity Income | NBXG vs NXG | |
| ARK Venture Fund | 0.42 | 0.52 | — | 99 | Technology Equities | NBXG vs ARKVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NBXG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NBXG and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.34, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.34 | -0.10 | 0.07 | 83 | Financial Services | |
| Verizon Communications Inc. | -0.28 | -0.12 | 0.00 | 54 | Communication Services | |
| Kinder Morgan, Inc. | -0.07 | 0.13 | 0.23 | 77 | Energy | |
| NextEra Energy, Inc. | -0.01 | 0.04 | 0.19 | 72 | Utilities | |
| Novartis AG | 0.02 | 0.07 | 0.15 | 80 | Healthcare |
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