Looking to diversify beyond NSGRX? The mutual funds below have the lowest correlation with NSGRX — 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 NSGRX.
Best Diversifiers for NSGRX
7 mutual funds have low correlation with NSGRX (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 | NSGRX vs NUSFX | |
| Northern Limited Term Tax-Exempt Fund | 0.19 | 0.16 | 0.11 | 66 | Municipal Bonds | NSGRX vs NSITX | |
| Northern California Tax Exempt Fund | 0.21 | 0.13 | 0.09 | 68 | Municipal Bonds | NSGRX vs NCATX | |
| Northern Intermediate Tax Exempt Fund | 0.21 | 0.17 | 0.13 | 71 | Municipal Bonds | NSGRX vs NOITX | |
| Northern Tax Exempt Fund | 0.22 | 0.15 | 0.11 | 71 | Municipal Bonds | NSGRX vs NOTEX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NSGRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NSGRX and solid risk/return profiles. The least correlated is SCOR PK (SCRYY) (Financial Services) with a 1Y correlation of 0.17, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SCOR PK | 0.17 | 0.13 | 0.18 | 55 | Financial Services |
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