Looking to diversify beyond NMIEX? The mutual funds below have the lowest correlation with NMIEX — 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 NMIEX.
Best Diversifiers for NMIEX
1 mutual funds have low correlation with NMIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Northern Tax-Advantaged U-S Fixed Income (NTAUX) (Ultrashort Bond) with a 1Y correlation of 0.25, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Tax-Advantaged U-S Fixed Income | 0.25 | 0.17 | 0.13 | 90 | Ultrashort Bond | NMIEX vs NTAUX | |
| Kopernik International Fund | 0.57 | 0.48 | 0.60 | 54 | Foreign Large Cap Equities | NMIEX vs KGIIX | |
| Thornburg Global Opportunities Fund | 0.58 | 0.72 | 0.79 | 91 | Foreign Large Cap Equities | NMIEX vs THOIX | |
| PIMCO RAE PLUS International Fund | 0.59 | 0.62 | 0.65 | 75 | Foreign Large Cap Equities | NMIEX vs PTSIX | |
| Northern High Yield Fixed Income Fund | 0.60 | 0.54 | 0.57 | 81 | High Yield Bonds | NMIEX vs NHFIX |
See all 27 diversifiers for NMIEX
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