Looking to diversify beyond NEMIX? The mutual funds below have historically moved differently from NEMIX, 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 NEMIX
3 mutual funds have low correlation with NEMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of 0.03, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | 0.03 | 0.18 | 0.30 | 66 | MLPs, Energy Equities | NEMIX vs NML | |
| The Cook & Bynum Fund | 0.24 | 0.34 | 0.42 | 70 | Emerging Markets Equities | NEMIX vs COBYX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.29 | 0.53 | 0.60 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | NEMIX vs GSIYX | |
| Neuberger Berman Large Cap Value Fund | 0.44 | 0.43 | 0.51 | 96 | Large Cap Value Equities | NEMIX vs NPRTX | |
| Neuberger Berman Intrinsic Value Fund | 0.48 | 0.53 | 0.58 | 84 | Small Cap Blend Equities | NEMIX vs NINLX |
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