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North Star Opportunity Fund (NSOIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The adviser expects to invest approximately 80 - 100% of its net assets in net long positions in securities that it deems to be underpriced. Target position sizes will range from 0% to 5% of the fund's net assets, for individual stocks and up to 25% for macroeconomic themes. The fund may invest in fixed income securities that are investment grade as well as those that are below investment grade. The advisor may also devote a substantial amount of the fund's capital to cash, cash equivalents or short-term obligations of the U.S. government, its agencies and instrumentalities.

Looking to diversify beyond NSOIX? The mutual funds below have the lowest correlation with NSOIX — 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 NSOIX.

Best Diversifiers for NSOIX

1 mutual funds have low correlation with NSOIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.51 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund0.050.150.51
67
Diversified PortfolioNSOIX vs MHELX
FCSRX
Fidelity Advisor Strategic Real Return Fund Class ...0.340.520.57
82
Diversified PortfolioNSOIX vs FCSRX
FSIRX
Fidelity Advisor Strategic Real Return Fund Class ...0.350.530.58
86
Diversified PortfolioNSOIX vs FSIRX
FSRRX
Fidelity Strategic Real Return Fund0.350.530.58
87
Diversified PortfolioNSOIX vs FSRRX
FIQDX
Fidelity Advisor Strategic Real Return Fund Class ...0.350.520.58
88
Diversified PortfolioNSOIX vs FIQDX
See all 26 diversifiers for NSOIX

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Diversification Analysis

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