Looking to diversify beyond NOEMX? The mutual funds below have the lowest correlation with NOEMX — 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 NOEMX.
Best Diversifiers for NOEMX
1 mutual funds have low correlation with NOEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Northern Tax-Advantaged U-S Fixed Income (NTAUX) (Ultrashort Bond) with a 1Y correlation of 0.23, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Tax-Advantaged U-S Fixed Income | 0.23 | 0.14 | 0.14 | 88 | Ultrashort Bond | NOEMX vs NTAUX | |
| Northern High Yield Fixed Income Fund | 0.40 | 0.40 | 0.43 | 81 | High Yield Bonds | NOEMX vs NHFIX | |
| Northern Small Cap Value Fund | 0.41 | 0.44 | 0.49 | 65 | Small Cap Value Equities | NOEMX vs NOSGX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.43 | 0.64 | 0.71 | 86 | Emerging Markets Diversified | NOEMX vs ESCIX | |
| Northern Small Cap Core Fund | 0.47 | 0.51 | 0.55 | 64 | Small Cap Blend Equities | NOEMX vs NSGRX |
See all 32 diversifiers for NOEMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
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