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Northern Small Cap Core Fund (NSGRX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The fund will invest at least 80% of its net assets in equity securities of small capitalization companies. Small capitalization companies generally are considered to be those whose market capitalization is, at the time the fund makes an investment, within the range of the market capitalization of companies in the Russell 2000 Index. Many of the companies in which the fund invests retain their earnings to finance current and future growth. These companies generally pay little or no dividends.

Looking to diversify beyond NSGRX? The mutual funds below have historically moved differently from NSGRX, 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 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.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NUSFX
Northern Ultra-Short Fixed Income Fund0.170.070.05
99
Ultrashort BondNSGRX vs NUSFX
NSITX
Northern Limited Term Tax-Exempt Fund0.190.170.11
55
Municipal BondsNSGRX vs NSITX
NTAUX
Northern Tax-Advantaged U-S Fixed Income0.250.140.11
89
Ultrashort BondNSGRX vs NTAUX
NOITX
Northern Intermediate Tax Exempt Fund0.260.180.14
66
Municipal BondsNSGRX vs NOITX
NCATX
Northern California Tax Exempt Fund0.270.140.10
65
Municipal BondsNSGRX vs NCATX
See all 58 diversifiers for NSGRX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for NSGRX, 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 SCOR PK (SCRYY) (Financial Services) with a 1Y correlation of 0.16, roughly unchanged from 0.17 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
SCRYY
SCOR PK0.160.100.17
68
Financial Services

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