Looking to diversify beyond NML? The mutual funds below have the lowest correlation with NML — 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 NML.
Best Diversifiers for NML
10 mutual funds have low correlation with NML (below 0.3), 4 of which are negatively correlated. The least correlated is Neuberger Berman Municipal Intermediate Bond Fund (NMUIX) (Municipal Bonds) with a 1Y correlation of -0.10, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Municipal Intermediate Bond Fund | -0.10 | 0.05 | 0.05 | 71 | Municipal Bonds | NML vs NMUIX | |
| Neuberger Berman Municipal Impact Fund | -0.08 | 0.07 | 0.05 | 56 | Municipal Bonds | NML vs NMIIX | |
| Neuberger Berman High Income Bond Fund | -0.01 | 0.23 | 0.30 | 63 | High Yield Bonds | NML vs NHINX | |
| Neuberger Berman Floating Rate Income Fund | -0.00 | 0.16 | 0.23 | 90 | Bank Loan | NML vs NFIAX | |
| Neuberger Berman Emerging Markets Equity Fund | 0.03 | 0.20 | 0.31 | 53 | Emerging Markets Diversified | NML vs NEMIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NML, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NML and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.04, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.04 | 0.25 | 0.35 | 77 | Real Estate | |
| BlackRock Science and Technology Trust II | 0.04 | 0.24 | 0.34 | 96 | Financial Services | |
| Reaves Utility Income Trust | 0.17 | 0.35 | 0.40 | 79 | Financial Services |
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