Looking to diversify beyond NML? The mutual funds below have historically moved differently from NML, 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 NML
10 mutual funds have low correlation with NML (below 0.3), 3 of which are negatively correlated. The least correlated is Neuberger Berman Municipal Intermediate Bond Fund (NMUIX) (Municipal Bonds) with a 1Y correlation of -0.16, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Municipal Intermediate Bond Fund | -0.16 | 0.02 | 0.04 | 70 | Municipal Bonds | NML vs NMUIX | |
| Neuberger Berman High Income Bond Fund | -0.05 | 0.19 | 0.29 | 57 | High Yield Bonds | NML vs NHINX | |
| Neuberger Berman Floating Rate Income Fund | -0.02 | 0.13 | 0.22 | 95 | Bank Loan | NML vs NFIAX | |
| Neuberger Berman Sustainable Equity Fund | 0.00 | 0.24 | 0.38 | 65 | Large Cap Blend Equities | NML vs NBSRX | |
| Adams Diversified Equity Fund, Inc. | 0.01 | 0.24 | 0.38 | 83 | Large Cap Blend Equities | NML vs ADX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NML, 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 AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of -0.02, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | -0.02 | 0.22 | 0.32 | 79 | Real Estate | |
| BlackRock Science and Technology Term Trust | 0.01 | 0.24 | 0.34 | 87 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.13 | 0.13 | 0.13 | 57 | Technology | |
| Reaves Utility Income Trust | 0.13 | 0.33 | 0.40 | 55 | Financial Services |
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