Looking to diversify beyond NSRIX? The mutual funds below have historically moved differently from NSRIX, 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 NSRIX
10 mutual funds have low correlation with NSRIX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.08, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.08 | 0.44 | 0.58 | 70 | Quality Factor, Global Equities | NSRIX vs GQFPX | |
| Northern Ultra-Short Fixed Income Fund | 0.16 | 0.09 | 0.07 | 99 | Ultrashort Bond | NSRIX vs NUSFX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.17 | 0.35 | 0.53 | 79 | Infrastructure Equities, Global Equities | NSRIX vs CSUAX | |
| Northern Limited Term Tax-Exempt Fund | 0.20 | 0.18 | 0.14 | 55 | Municipal Bonds | NSRIX vs NSITX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.23 | 0.16 | 0.12 | 89 | Ultrashort Bond | NSRIX vs NTAUX |
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