Looking to diversify beyond NPRTX? The mutual funds below have historically moved differently from NPRTX, 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 NPRTX
6 mutual funds have low correlation with NPRTX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.18, down from 0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.18 | 0.54 | 0.70 | 58 | Quality Factor, Large Cap Value Equities | NPRTX vs GQHPX | |
| Neuberger Berman Floating Rate Income Fund | 0.19 | 0.19 | 0.23 | 91 | Bank Loan | NPRTX vs NFIAX | |
| Federated Hermes Equity Income Fund | 0.19 | 0.47 | 0.71 | 68 | Dividend, Large Cap Value Equities | NPRTX vs LEIFX | |
| Neuberger Berman Municipal Intermediate Bond Fund | 0.19 | 0.14 | 0.10 | 62 | Municipal Bonds | NPRTX vs NMUIX | |
| Neuberger Berman MLP | 0.20 | 0.40 | 0.53 | 66 | MLPs, Energy Equities | NPRTX vs NML |
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