Looking to diversify beyond NMIIX? The mutual funds below have historically moved differently from NMIIX, 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 NMIIX
15 mutual funds have low correlation with NMIIX (below 0.3), 1 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of -0.09, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | -0.09 | 0.06 | 0.05 | 66 | MLPs, Energy Equities | NMIIX vs NML | |
| Neuberger Berman Large Cap Value Fund | 0.11 | 0.13 | 0.07 | 96 | Large Cap Value Equities | NMIIX vs NPRTX | |
| Neuberger Berman Sustainable Equity Fund | 0.11 | 0.09 | 0.10 | 71 | Large Cap Blend Equities | NMIIX vs NBSRX | |
| Neuberger Berman Intrinsic Value Fund | 0.13 | 0.11 | 0.09 | 84 | Small Cap Blend Equities | NMIIX vs NINLX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.26 | 0.38 | 100 | Municipal Bonds | NMIIX vs DFSMX |
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