Looking to diversify beyond NOBOX? The mutual funds below have the lowest correlation with NOBOX — 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 NOBOX.
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 Diversified) with a 1Y correlation of 0.22, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Emerging Markets Equity Index Fund | 0.22 | 0.13 | 0.08 | 89 | Emerging Markets Diversified | NOBOX vs NOEMX | |
| Northern Active M Emerging Market Equity Fund | 0.27 | 0.16 | 0.11 | 91 | Emerging Markets Diversified | NOBOX vs NMMEX | |
| Northern Small Cap Index Fund | 0.31 | 0.24 | 0.15 | 69 | Small Cap Blend Equities | NOBOX vs NSIDX | |
| Northern Large Cap Core Fund | 0.32 | 0.21 | 0.13 | 77 | Large Cap Blend Equities | NOBOX vs NOLCX | |
| Northern Large Cap Value Fund | 0.34 | 0.23 | 0.13 | 88 | Large Cap Value Equities | NOBOX vs NOLVX |
See all 26 diversifiers for NOBOX
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Diversification Analysis
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