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Nuveen Dividend Growth Fund (NSBRX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

Under normal market conditions, the fund invests at least 80% of its net assets in dividend-paying common stocks and preferred securities. It may, from time to time, have a greater exposure to these higher dividend-yield sectors and industries than the broad equity market. The fund may invest up to 25% of its net assets in non-U.S. equity securities that are U.S. dollar-denominated.

Looking to diversify beyond NSBRX? The mutual funds below have the lowest correlation with NSBRX — 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 NSBRX.

Best Diversifiers for NSBRX

34 mutual funds have low correlation with NSBRX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Wisconsin Municipal Bond Fund (FWIAX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.08 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FWIAX
Nuveen Wisconsin Municipal Bond Fund0.180.120.08
74
Municipal BondsNSBRX vs FWIAX
FSHYX
Nuveen Short Term Municipal Bond Fund0.180.140.08
72
Municipal BondsNSBRX vs FSHYX
FCOTX
Nuveen Colorado Municipal Bond Fund0.200.150.10
72
Municipal BondsNSBRX vs FCOTX
FAZTX
Nuveen Arizona Municipal Bond Fund0.200.180.12
75
Municipal BondsNSBRX vs FAZTX
NTNYX
Nuveen New York Municipal Bond Fund0.200.160.11
74
Municipal BondsNSBRX vs NTNYX
See all 99 diversifiers for NSBRX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from NSBRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NSBRX and solid risk/return profiles. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.31, down from 0.50 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
IIPR
Innovative Industrial Properties, Inc.0.310.430.50
58
Real Estate

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