Looking to diversify beyond NOMIX? The mutual funds below have the lowest correlation with NOMIX — 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 NOMIX.
Best Diversifiers for NOMIX
7 mutual funds have low correlation with NOMIX (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 0.17, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Ultra-Short Fixed Income Fund | 0.17 | 0.07 | 0.05 | 98 | Ultrashort Bond | NOMIX vs NUSFX | |
| Northern Limited Term Tax-Exempt Fund | 0.19 | 0.16 | 0.10 | 66 | Municipal Bonds | NOMIX vs NSITX | |
| Northern California Tax Exempt Fund | 0.21 | 0.14 | 0.09 | 68 | Municipal Bonds | NOMIX vs NCATX | |
| Northern Tax Exempt Fund | 0.22 | 0.16 | 0.11 | 71 | Municipal Bonds | NOMIX vs NOTEX | |
| Northern Arizona Tax Exempt Fund | 0.23 | 0.16 | 0.11 | 69 | Municipal Bonds | NOMIX vs NOAZX |
See all 40 diversifiers for NOMIX
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