Looking to diversify beyond NOSGX? The mutual funds below have the lowest correlation with NOSGX — 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 NOSGX.
Best Diversifiers for NOSGX
8 mutual funds have low correlation with NOSGX (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 0.14, roughly unchanged 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 | 0.14 | 0.06 | 0.05 | 98 | Ultrashort Bond | NOSGX vs NUSFX | |
| Northern Limited Term Tax-Exempt Fund | 0.16 | 0.13 | 0.09 | 63 | Municipal Bonds | NOSGX vs NSITX | |
| Northern California Tax Exempt Fund | 0.18 | 0.13 | 0.08 | 59 | Municipal Bonds | NOSGX vs NCATX | |
| Northern Tax Exempt Fund | 0.21 | 0.15 | 0.10 | 63 | Municipal Bonds | NOSGX vs NOTEX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.23 | 0.12 | 0.11 | 87 | Ultrashort Bond | NOSGX vs NTAUX |
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