Looking to diversify beyond NSIDX? The mutual funds below have the lowest correlation with NSIDX — 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 NSIDX.
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 0.12, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Ultra-Short Fixed Income Fund | 0.12 | 0.07 | 0.06 | 98 | Ultrashort Bond | NSIDX vs NUSFX | |
| Northern Limited Term Tax-Exempt Fund | 0.15 | 0.14 | 0.11 | 63 | Municipal Bonds | NSIDX vs NSITX | |
| Northern California Tax Exempt Fund | 0.15 | 0.13 | 0.10 | 59 | Municipal Bonds | NSIDX vs NCATX | |
| Northern Tax Exempt Fund | 0.16 | 0.15 | 0.11 | 63 | Municipal Bonds | NSIDX vs NOTEX | |
| Northern Intermediate Tax Exempt Fund | 0.20 | 0.17 | 0.14 | 68 | Municipal Bonds | NSIDX vs NOITX |
See all 44 diversifiers for NSIDX
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