Looking to diversify beyond NOSIX? The mutual funds below have the lowest correlation with NOSIX — 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 NOSIX.
Best Diversifiers for NOSIX
8 mutual funds have low correlation with NOSIX (below 0.3), 0 of which are negatively correlated. The least correlated is Northern Limited Term Tax-Exempt Fund (NSITX) (Municipal Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Limited Term Tax-Exempt Fund | 0.17 | 0.15 | 0.11 | 66 | Municipal Bonds | NOSIX vs NSITX | |
| Northern Ultra-Short Fixed Income Fund | 0.19 | 0.09 | 0.06 | 98 | Ultrashort Bond | NOSIX vs NUSFX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.22 | 0.13 | 0.10 | 90 | Ultrashort Bond | NOSIX vs NTAUX | |
| Northern Intermediate Tax Exempt Fund | 0.23 | 0.16 | 0.13 | 71 | Municipal Bonds | NOSIX vs NOITX | |
| Northern Arizona Tax Exempt Fund | 0.24 | 0.15 | 0.12 | 69 | Municipal Bonds | NOSIX vs NOAZX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NOSIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NOSIX and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.18, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.18 | 0.07 | 0.24 | 68 | Energy | |
| Nebius Group N.V. | 0.33 | 0.39 | 0.39 | 96 | Communication Services |
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