Looking to diversify beyond NOBOX? The mutual funds below have historically moved differently from NOBOX, 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 NOBOX
2 mutual funds have low correlation with NOBOX (below 0.3), 0 of which are negatively correlated. The least correlated is Northern Emerging Markets Equity Index Fund (NOEMX) (Emerging Markets Equities) with a 1Y correlation of 0.25, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Emerging Markets Equity Index Fund | 0.25 | 0.13 | 0.09 | 58 | Emerging Markets Equities | NOBOX vs NOEMX | |
| Northern Active M Emerging Market Equity Fund | 0.30 | 0.16 | 0.12 | 66 | Emerging Markets Equities | NOBOX vs NMMEX | |
| Northern Large Cap Core Fund | 0.32 | 0.20 | 0.14 | 74 | Large Cap Blend Equities | NOBOX vs NOLCX | |
| Northern Stock Index Fund | 0.32 | 0.21 | 0.16 | 62 | Large Cap Blend Equities | NOBOX vs NOSIX | |
| Northern Large Cap Value Fund | 0.33 | 0.22 | 0.14 | 92 | Large Cap Value Equities | NOBOX vs NOLVX |
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