Looking to diversify beyond NMHIX? The mutual funds below have the lowest correlation with NMHIX — 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 NMHIX.
Best Diversifiers for NMHIX
3 mutual funds have low correlation with NMHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Neuberger Berman Intrinsic Value Fund (NINLX) (Small Cap Blend Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Intrinsic Value Fund | 0.12 | 0.13 | 0.10 | 87 | Small Cap Blend Equities | NMHIX vs NINLX | |
| Neuberger Berman Sustainable Equity Fund | 0.14 | 0.12 | 0.12 | 82 | Large Cap Blend Equities | NMHIX vs NBSRX | |
| Neuberger Berman Large Cap Value Fund | 0.15 | 0.16 | 0.10 | 94 | Large Cap Value Equities | NMHIX vs NPRTX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.59 | 0.70 | 0.69 | 65 | High Yield Muni | NMHIX vs NVHIX | |
| Russell Investments Tax-Exempt High Yield Bond Fun... | 0.62 | 0.77 | 0.83 | 68 | High Yield Muni | NMHIX vs RTHAX |
See all 40 diversifiers for NMHIX
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