Looking to diversify beyond NSMVX? The mutual funds below have historically moved differently from NSMVX, 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 NSMVX
0 mutual funds have low correlation with NSMVX (below 0.3), 0 of which are negatively correlated. The least correlated is North Star Bond Fund (NSBDX) (Nontraditional Bonds) with a 1Y correlation of 0.52, roughly unchanged from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| North Star Bond Fund | 0.52 | 0.44 | 0.53 | 68 | Nontraditional Bonds | NSMVX vs NSBDX | |
| DFA International Small Company Portfolio | 0.58 | 0.60 | 0.64 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | NSMVX vs DFISX | |
| Hennessy Cornerstone Growth Fund | 0.62 | 0.73 | 0.75 | 53 | Small Cap Blend Equities | NSMVX vs HFCGX | |
| Auer Growth Fund | 0.64 | 0.70 | 0.74 | 91 | Small Cap Blend Equities | NSMVX vs AUERX | |
| Hodges Small Cap Fund | 0.69 | 0.79 | 0.84 | 72 | Small Cap Blend Equities | NSMVX vs HDPSX |
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