Looking to diversify beyond NSRIX? The mutual funds below have the lowest correlation with NSRIX — 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 NSRIX.
Best Diversifiers for NSRIX
7 mutual funds have low correlation with NSRIX (below 0.3), 0 of which are negatively correlated. The least correlated is Northern Limited Term Tax-Exempt Fund (NSITX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Northern Limited Term Tax-Exempt Fund | 0.15 | 0.17 | 0.14 | 63 | Municipal Bonds | NSRIX vs NSITX | |
| Northern Ultra-Short Fixed Income Fund | 0.16 | 0.08 | 0.08 | 98 | Ultrashort Bond | NSRIX vs NUSFX | |
| Northern California Tax Exempt Fund | 0.21 | 0.16 | 0.14 | 59 | Municipal Bonds | NSRIX vs NCATX | |
| Northern Tax-Advantaged U-S Fixed Income | 0.21 | 0.17 | 0.12 | 87 | Ultrashort Bond | NSRIX vs NTAUX | |
| Northern Tax Exempt Fund | 0.22 | 0.19 | 0.16 | 63 | Municipal Bonds | NSRIX vs NOTEX |
See all 42 diversifiers for NSRIX
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