Looking to diversify beyond NPRTX? The mutual funds below have the lowest correlation with NPRTX — 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 NPRTX.
Best Diversifiers for NPRTX
3 mutual funds have low correlation with NPRTX (below 0.3), 0 of which are negatively correlated. The least correlated is Neuberger Berman Floating Rate Income Fund (NFIAX) (Bank Loan) with a 1Y correlation of 0.15, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman Floating Rate Income Fund | 0.15 | 0.18 | 0.23 | 92 | Bank Loan | NPRTX vs NFIAX | |
| Federated Hermes Equity Income Fund | 0.17 | 0.50 | 0.73 | 65 | Large Cap Value Equities | NPRTX vs LEIFX | |
| Neuberger Berman Municipal Intermediate Bond Fund | 0.21 | 0.15 | 0.09 | 72 | Municipal Bonds | NPRTX vs NMUIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.48 | 0.65 | 0.75 | 78 | Large Cap Value Equities | NPRTX vs SVAIX | |
| Neuberger Berman High Income Bond Fund | 0.49 | 0.44 | 0.44 | 59 | High Yield Bonds | NPRTX vs NHINX |
See all 195 diversifiers for NPRTX
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