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Neuberger Berman Floating Rate Income Fund (NFIAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks high current income. To pursue its goal, the fund invests mainly in floating rate senior secured loans issued in U.S. dollars by U.S. and foreign corporations, partnerships and other business entities (borrowers). These loans are often at the time of investment below investment grade securities (commonly known as "junk bonds"). It normally invests at least 80% of its net assets in floating rate securities (including loans) and other investment companies that provide investment exposure to such floating rate securities.

Looking to diversify beyond NFIAX? The mutual funds below have the lowest correlation with NFIAX — 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 NFIAX.

Best Diversifiers for NFIAX

7 mutual funds have low correlation with NFIAX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.04, down from 0.08 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XPTFX
Federated Hermes Project and Trade Finance Tender ...-0.04-0.000.08
84
Bank LoanNFIAX vs XPTFX
CAPIX
Calamos Aksia Alternative Credit and Income Fund C...0.12——
98
Bank LoanNFIAX vs CAPIX
NINLX
Neuberger Berman Intrinsic Value Fund0.150.180.25
87
Small Cap Blend EquitiesNFIAX vs NINLX
NPRTX
Neuberger Berman Large Cap Value Fund0.150.180.23
94
Large Cap Value EquitiesNFIAX vs NPRTX
VTHRX
Vanguard Target Retirement 2030 Fund0.210.190.27
67
Target Retirement Date, Diversified PortfolioNFIAX vs VTHRX
See all 26 diversifiers for NFIAX

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