Looking to diversify beyond NMMGX? The mutual funds below have the lowest correlation with NMMGX — 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 NMMGX.
Best Diversifiers for NMMGX
2 mutual funds have low correlation with NMMGX (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.24 | — | — | 98 | REIT | NMMGX vs QREARX | |
| Redwood Real Estate Income Fund | 0.01 | — | — | 100 | REIT | NMMGX vs CREMX | |
| Northern Large Cap Core Fund | 0.41 | 0.54 | 0.64 | 74 | Large Cap Blend Equities | NMMGX vs NOLCX | |
| Northern Stock Index Fund | 0.42 | 0.55 | 0.65 | 65 | Large Cap Blend Equities | NMMGX vs NOSIX | |
| Northern High Yield Fixed Income Fund | 0.45 | 0.49 | 0.50 | 78 | High Yield Bonds | NMMGX vs NHFIX |
See all 12 diversifiers for NMMGX
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Diversification Analysis
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