Northern Multi-Manager Global Real Estate Fund (NMMGX) belongs to the REIT category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NMMGX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMMGX
NMMGX charges 0.92% annually. There are 45 mutual funds in the REIT category with lower expense ratios, going as low as 0.07%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity SAI Real Estate Index Fund | 0.07% | — | Feb 2016 | NMMGX vs FESIX | |
| Fidelity Real Estate Index Fund | 0.07% | — | Aug 2011 | NMMGX vs FSRNX | |
| Vanguard Real Estate II Index Fund | 0.08% | — | Sep 2017 | NMMGX vs VRTPX | |
| Vanguard Real Estate Index Fund Institutional Shar... | 0.10% | 69.90B | Dec 2003 | NMMGX vs VGSNX | |
| Vanguard Global ex-U.S. Real Estate Index Fund Ins... | 0.11% | — | Apr 2011 | NMMGX vs VGRNX |
Best Risk-Adjusted Alternatives to NMMGX
NMMGX has a PortfoliosLab risk / return rank of 7. There are 87 mutual funds in the REIT category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Real Estate Income Fund | 100 | — | Jun 2023 | NMMGX vs CREMX | |
| TIAA Real Estate Account | 98 | — | Oct 1995 | NMMGX vs QREARX | |
| Fidelity Series Real Estate Income Fund | 89 | — | Oct 2011 | NMMGX vs FSREX | |
| Fidelity Advisor Real Estate Income Fund Class Z | 48 | — | Oct 2018 | NMMGX vs FIKMX | |
| Fidelity Advisor Real Estate Income Fund Class I | 47 | — | — | NMMGX vs FRIRX |
Top Performing NMMGX Alternatives (YTD)
NMMGX is at 4.56% YTD. There are 80 mutual funds in the REIT category with higher YTD returns, going as high as 12.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM US Real Estate Fund | 12.78% | — | Dec 2010 | NMMGX vs PJEZX | |
| LDR Real Estate Value Opportunity Fund | 12.76% | — | Dec 2002 | NMMGX vs HLRRX | |
| MainStay CBRE Real Estate Fund | 12.42% | — | Dec 1996 | NMMGX vs CRARX | |
| BlackRock Real Estate Securities Fund | 12.38% | — | Sep 2012 | NMMGX vs BIREX | |
| PIMCO Variable Insurance Trust Real Estate Real Re... | 12.29% | — | Oct 2003 | NMMGX vs PRRSX |
Lowest Volatility Alternatives to NMMGX
NMMGX has 13.79% 1-year volatility. There are 97 mutual funds in the REIT category with lower 1-year volatility, going as low as 0.43%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Real Estate Income Fund | 0.43% | — | Jun 2023 | NMMGX vs CREMX | |
| TIAA Real Estate Account | 0.77% | — | Oct 1995 | NMMGX vs QREARX | |
| Fidelity Series Real Estate Income Fund | 2.47% | — | Oct 2011 | NMMGX vs FSREX | |
| Apollo Diversified Real Estate Fund Class I | 3.58% | — | Jun 2014 | NMMGX vs GRIFX | |
| Fidelity Advisor Real Estate Income Fund Class A | 4.03% | — | Apr 2010 | NMMGX vs FRINX |
Lowest Drawdown Alternatives to NMMGX
NMMGX has a 1-year max drawdown of -9.83%. There are 64 mutual funds in the REIT category with shallower 1-year drawdowns, going as shallow as -0.04%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Redwood Real Estate Income Fund | -0.04% | — | Jun 2023 | NMMGX vs CREMX | |
| TIAA Real Estate Account | -0.37% | — | Oct 1995 | NMMGX vs QREARX | |
| Apollo Diversified Real Estate Fund Class I | -1.70% | — | Jun 2014 | NMMGX vs GRIFX | |
| Fidelity Series Real Estate Income Fund | -2.06% | — | Oct 2011 | NMMGX vs FSREX | |
| Fidelity Real Estate Income Fund | -3.42% | — | Feb 2003 | NMMGX vs FRIFX |
Other Mutual Funds from Northern Funds
The 10 most viewed Northern Funds mutual funds shown here include NOIEX, NOSIX, NHFIX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Northern Income Equity Fund | Large Cap Value Equities | 83 | 12.80% | — | Mar 1994 | NMMGX vs NOIEX | |
| Northern Stock Index Fund | Large Cap Blend Equities | 74 | 11.68% | — | Oct 1996 | NMMGX vs NOSIX | |
| Northern High Yield Fixed Income Fund | High Yield Bonds | 81 | 1.87% | — | Dec 1998 | NMMGX vs NHFIX | |
| Northern Global Sustainability Index Fund | Global Equities | 53 | 9.87% | — | Mar 2008 | NMMGX vs NSRIX | |
| Northern International Equity Index Fund | Foreign Large Cap Equities | 27 | 9.68% | — | Mar 2005 | NMMGX vs NOINX | |
| Northern Small Cap Value Fund | Small Cap Value Equities | 65 | 16.32% | — | Mar 1994 | NMMGX vs NOSGX | |
| Northern Small Cap Core Fund | Small Cap Blend Equities | 64 | 16.84% | — | Sep 1999 | NMMGX vs NSGRX | |
| Northern Large Cap Core Fund | Large Cap Blend Equities | 83 | 10.82% | — | Dec 2005 | NMMGX vs NOLCX | |
| Northern Bond Index Fund | Intermediate Core Bond | 19 | 0.04% | — | Feb 2007 | NMMGX vs NOBOX | |
| Northern Mid Cap Index Fund | Mid Cap Blend Equities | 45 | 14.18% | — | Mar 2005 | NMMGX vs NOMIX |
Often Compared With NMMGX
Investors most often compare NMMGX with AIGYX, IRSAX, SOAAX. These 6 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| abrdn Realty Income & Growth Fund | REIT | 22 | 11.71% | — | Dec 1998 | NMMGX vs AIGYX | |
| Delaware Ivy Securian Real Estate Securities Fund | REIT | 26 | 11.86% | — | Feb 1999 | NMMGX vs IRSAX | |
| Spirit of America Real Estate Income & Growth Fund | REIT | 13 | 11.76% | — | Jan 1998 | NMMGX vs SOAAX | |
| Northern Core Bond Fund | Intermediate Core Bond | 20 | -0.01% | — | Mar 2001 | NMMGX vs NOCBX | |
| VY CBRE Real Estate Portfolio | REIT | 18 | 12.25% | — | Jan 1989 | NMMGX vs IVRSX | |
| Northern Small Cap Index Fund | Small Cap Blend Equities | 65 | 18.68% | — | Sep 1999 | NMMGX vs NSIDX |
Compare NMMGX with Any Fund or Stock
Compare NMMGX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMMGX with funds that move differently
Northern Multi-Manager Global Real Estate Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMMGX.
Explore NMMGX Diversifiers