Looking to diversify beyond NOINX? The mutual funds below have the lowest correlation with NOINX — 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 NOINX.
Best Diversifiers for NOINX
5 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 0.22, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Ultra-Short Fixed Income Fund | 0.22 | 0.14 | 0.11 | 98 | Ultrashort Bond | NOINX vs NUSFX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.25 | 0.17 | 0.14 | 90 | Ultrashort Bond | NOINX vs NTAUX | |
| Northern Limited Term Tax-Exempt Fund | 0.26 | 0.21 | 0.17 | 66 | Municipal Bonds | NOINX vs NSITX | |
| Northern Intermediate Tax Exempt Fund | 0.29 | 0.23 | 0.19 | 71 | Municipal Bonds | NOINX vs NOITX | |
| Northern California Tax Exempt Fund | 0.30 | 0.22 | 0.18 | 68 | Municipal Bonds | NOINX vs NCATX |
See all 40 diversifiers for NOINX
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