Looking to diversify beyond NMMEX? The mutual funds below have historically moved differently from NMMEX, 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 NMMEX
3 mutual funds have low correlation with NMMEX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.17, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.17 | 0.51 | 0.62 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | NMMEX vs GSIYX | |
| The Cook & Bynum Fund | 0.26 | 0.39 | 0.48 | 66 | Emerging Markets Equities | NMMEX vs COBYX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.28 | 0.15 | 0.14 | 89 | Ultrashort Bond | NMMEX vs NTAUX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.34 | 0.62 | 0.70 | 92 | Emerging Markets Equities | NMMEX vs ESCIX | |
| Northern High Yield Fixed Income Fund | 0.46 | 0.41 | 0.46 | 80 | High Yield Bonds | NMMEX vs NHFIX |
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