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
3 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | -0.05 | 0.17 | 0.31 | 57 | MLPs, Energy Equities | NGUAX vs NML | |
| Neuberger Berman Municipal Intermediate Bond Fund | 0.20 | 0.12 | 0.13 | 75 | Municipal Bonds | NGUAX vs NMUIX | |
| Neuberger Berman Floating Rate Income Fund | 0.29 | 0.22 | 0.25 | 93 | Bank Loan | NGUAX vs NFIAX | |
| Neuberger Berman Large Cap Value Fund | 0.52 | 0.48 | 0.58 | 93 | Large Cap Value Equities | NGUAX vs NPRTX | |
| Neuberger Berman High Income Bond Fund | 0.57 | 0.47 | 0.49 | 59 | High Yield Bonds | NGUAX vs NHINX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NGUAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NGUAX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.01, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.01 | 0.20 | 0.38 | 53 | 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