Looking to diversify beyond NMMGX? The mutual funds below have historically moved differently from NMMGX, 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 NMMGX
2 mutual funds have low correlation with NMMGX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.27 | — | — | 99 | REIT | NMMGX vs QREARX | |
| Redwood Real Estate Income Fund | 0.02 | — | — | 100 | REIT | NMMGX vs CREMX | |
| Northern Large Cap Core Fund | 0.37 | 0.53 | 0.63 | 74 | Large Cap Blend Equities | NMMGX vs NOLCX | |
| Northern Stock Index Fund | 0.38 | 0.53 | 0.64 | 62 | Large Cap Blend Equities | NMMGX vs NOSIX | |
| Northern Global Sustainability Index Fund | 0.44 | 0.57 | 0.67 | 57 | Global Equities | NMMGX vs NSRIX |
See all 28 diversifiers for NMMGX
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