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
2 mutual funds have low correlation with NBXG (below 0.3), 0 of which are negatively correlated. The least correlated is Neuberger Berman Municipal Intermediate Bond Fund (NMUIX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Municipal Intermediate Bond Fund | 0.18 | 0.12 | 0.14 | 72 | Municipal Bonds | NBXG vs NMUIX | |
| Neuberger Berman Floating Rate Income Fund | 0.25 | 0.23 | 0.27 | 92 | Bank Loan | NBXG vs NFIAX | |
| ARK Venture Fund | 0.43 | 0.53 | — | 99 | Technology Equities | NBXG vs ARKVX | |
| Neuberger Berman Large Cap Value Fund | 0.51 | 0.44 | 0.48 | 94 | Large Cap Value Equities | NBXG vs NPRTX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.54 | 0.55 | 0.65 | 72 | Technology Equities | NBXG vs GTTIX |
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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 -0.26, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.26 | -0.08 | 0.09 | 68 | Financial Services | |
| Verizon Communications Inc. | -0.21 | -0.10 | 0.01 | 63 | Communication Services | |
| Kinder Morgan, Inc. | 0.00 | 0.17 | 0.24 | 71 | Energy | |
| Novartis AG | 0.06 | 0.09 | 0.16 | 80 | Healthcare | |
| Becton, Dickinson and Company | 0.15 | 0.18 | 0.21 | 51 | Healthcare |
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