Looking to diversify beyond NOUGX? The mutual funds below have the lowest correlation with NOUGX — 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 NOUGX.
Best Diversifiers for NOUGX
9 mutual funds have low correlation with NOUGX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.06 | 0.05 | 0.05 | 99 | Government Bonds | NOUGX vs GUSTX | |
| DFA Short-Term Government Portfolio | 0.19 | 0.08 | 0.36 | 62 | Government Bonds | NOUGX vs DFFGX | |
| Northern Large Cap Core Fund | 0.21 | 0.15 | 0.09 | 83 | Large Cap Blend Equities | NOUGX vs NOLCX | |
| Northern Stock Index Fund | 0.22 | 0.14 | 0.10 | 74 | Large Cap Blend Equities | NOUGX vs NOSIX | |
| Northern Small Cap Core Fund | 0.22 | 0.18 | 0.12 | 64 | Small Cap Blend Equities | NOUGX vs NSGRX |
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