Looking to diversify beyond NOINX? The mutual funds below have historically moved differently from NOINX, 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 NOINX
3 mutual funds have low correlation with NOINX (below 0.3), 0 of which are negatively correlated. The least correlated is Northern Ultra-Short Fixed Income Fund (NUSFX) (Ultrashort Bond) with a 1Y correlation of 0.18, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Ultra-Short Fixed Income Fund | 0.18 | 0.14 | 0.11 | 99 | Ultrashort Bond | NOINX vs NUSFX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.26 | 0.18 | 0.14 | 89 | Ultrashort Bond | NOINX vs NTAUX | |
| Northern Limited Term Tax-Exempt Fund | 0.28 | 0.22 | 0.17 | 55 | Municipal Bonds | NOINX vs NSITX | |
| Northern Intermediate Tax Exempt Fund | 0.31 | 0.24 | 0.20 | 66 | Municipal Bonds | NOINX vs NOITX | |
| Northern California Tax Exempt Fund | 0.34 | 0.23 | 0.19 | 65 | Municipal Bonds | NOINX vs NCATX |
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