Looking to diversify beyond NSIDX? The mutual funds below have historically moved differently from NSIDX, 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 NSIDX
7 mutual funds have low correlation with NSIDX (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 | 0.07 | 0.06 | 99 | Ultrashort Bond | NSIDX vs NUSFX | |
| Northern Limited Term Tax-Exempt Fund | 0.18 | 0.17 | 0.12 | 55 | Municipal Bonds | NSIDX vs NSITX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.25 | 0.14 | 0.11 | 89 | Ultrashort Bond | NSIDX vs NTAUX | |
| Northern California Tax Exempt Fund | 0.26 | 0.15 | 0.11 | 65 | Municipal Bonds | NSIDX vs NCATX | |
| Northern Tax Exempt Fund | 0.27 | 0.16 | 0.13 | 66 | Municipal Bonds | NSIDX vs NOTEX |
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