Looking to diversify beyond NOSIX? The mutual funds below have historically moved differently from NOSIX, 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 NOSIX
9 mutual funds have low correlation with NOSIX (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 0.15, roughly unchanged from 0.06 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 | 0.15 | 0.08 | 0.06 | 99 | Ultrashort Bond | NOSIX vs NUSFX | |
| Northern Limited Term Tax-Exempt Fund | 0.19 | 0.16 | 0.12 | 55 | Municipal Bonds | NOSIX vs NSITX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.23 | 0.14 | 0.10 | 89 | Ultrashort Bond | NOSIX vs NTAUX | |
| Northern Intermediate Tax Exempt Fund | 0.23 | 0.16 | 0.14 | 66 | Municipal Bonds | NOSIX vs NOITX | |
| Northern Arizona Tax Exempt Fund | 0.26 | 0.14 | 0.12 | 62 | Municipal Bonds | NOSIX vs NOAZX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for NOSIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.25, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.25 | 0.04 | 0.21 | 80 | Energy | |
| Nebius Group N.V. | 0.35 | 0.40 | 0.40 | 92 | Communication Services |
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