Looking to diversify beyond NGUAX? The mutual funds below have the lowest correlation with NGUAX — 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 NGUAX.
Best Diversifiers for NGUAX
2 mutual funds have low correlation with NGUAX (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 0.20, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Municipal Intermediate Bond Fund | 0.20 | 0.12 | 0.13 | 72 | Municipal Bonds | NGUAX vs NMUIX | |
| Neuberger Berman Floating Rate Income Fund | 0.26 | 0.22 | 0.25 | 92 | Bank Loan | NGUAX vs NFIAX | |
| Neuberger Berman Large Cap Value Fund | 0.53 | 0.49 | 0.58 | 94 | Large Cap Value Equities | NGUAX vs NPRTX | |
| Neuberger Berman High Income Bond Fund | 0.56 | 0.47 | 0.48 | 59 | High Yield Bonds | NGUAX vs NHINX | |
| ICON Equity Fund | 0.58 | 0.58 | 0.69 | 84 | Large Cap Growth Equities | NGUAX vs IOLZX |
See all 29 diversifiers for NGUAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements NGUAX
Add NGUAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NGUAX