Looking to diversify beyond NMMEX? The mutual funds below have the lowest correlation with NMMEX — 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 NMMEX.
Best Diversifiers for NMMEX
1 mutual funds have low correlation with NMMEX (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 0.22, roughly unchanged 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 | 0.22 | 0.14 | 0.13 | 87 | Ultrashort Bond | NMMEX vs NTAUX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.43 | 0.66 | 0.72 | 87 | Emerging Markets Diversified | NMMEX vs ESCIX | |
| Northern High Yield Fixed Income Fund | 0.45 | 0.43 | 0.46 | 82 | High Yield Bonds | NMMEX vs NHFIX | |
| Northern Small Cap Value Fund | 0.46 | 0.49 | 0.56 | 62 | Small Cap Value Equities | NMMEX vs NOSGX | |
| Northern Small Cap Core Fund | 0.51 | 0.57 | 0.62 | 63 | Small Cap Blend Equities | NMMEX vs NSGRX |
See all 33 diversifiers for NMMEX
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