Looking to diversify beyond NOEMX? The mutual funds below have historically moved differently from NOEMX, 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 NOEMX
2 mutual funds have low correlation with NOEMX (below 0.3), 0 of which are negatively correlated. The least correlated is The Cook & Bynum Fund (COBYX) (Emerging Markets Equities) with a 1Y correlation of 0.18, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Cook & Bynum Fund | 0.18 | 0.33 | 0.42 | 62 | Emerging Markets Equities | NOEMX vs COBYX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.26 | 0.15 | 0.14 | 86 | Ultrashort Bond | NOEMX vs NTAUX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.33 | 0.60 | 0.69 | 96 | Emerging Markets Equities | NOEMX vs ESCIX | |
| Northern High Yield Fixed Income Fund | 0.41 | 0.39 | 0.42 | 80 | High Yield Bonds | NOEMX vs NHFIX | |
| Northern Small Cap Value Fund | 0.42 | 0.44 | 0.49 | 89 | Small Cap Value Equities | NOEMX vs NOSGX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements NOEMX
Add NOEMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NOEMX