Looking to diversify beyond NGUAX? The mutual funds below have historically moved differently from NGUAX, 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 NGUAX
2 mutual funds have low correlation with NGUAX (below 0.3), 1 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of -0.05, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | -0.05 | 0.16 | 0.31 | 71 | MLPs, Energy Equities | NGUAX vs NML | |
| Neuberger Berman Municipal Intermediate Bond Fund | 0.20 | 0.11 | 0.13 | 70 | Municipal Bonds | NGUAX vs NMUIX | |
| Neuberger Berman Floating Rate Income Fund | 0.32 | 0.23 | 0.26 | 95 | Bank Loan | NGUAX vs NFIAX | |
| Neuberger Berman Emerging Markets Equity Fund | 0.50 | 0.56 | 0.58 | 55 | Emerging Markets Equities | NGUAX vs NEMIX | |
| Neuberger Berman Large Cap Value Fund | 0.55 | 0.49 | 0.58 | 96 | Large Cap Value Equities | NGUAX vs NPRTX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NGUAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.02, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.02 | 0.19 | 0.38 | 61 | Financial Services |
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