Looking to diversify beyond ALDAX? The mutual funds below have the lowest correlation with ALDAX — 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 ALDAX.
Best Diversifiers for ALDAX
11 mutual funds have low correlation with ALDAX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Seligman Technology and Information Fund (SLMCX) (Technology Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund | 0.14 | 0.11 | 0.17 | 96 | Technology Equities | ALDAX vs SLMCX | |
| Columbia Global Technology Growth Fund Class A | 0.15 | 0.09 | 0.16 | 78 | Technology Equities, Large Cap Growth Equities | ALDAX vs CTCAX | |
| Columbia Seligman Global Technology Fund | 0.15 | 0.11 | 0.17 | 96 | Technology Equities | ALDAX vs SHGTX | |
| Columbia Global Technology Growth Fund | 0.16 | 0.10 | 0.16 | 79 | Technology Equities | ALDAX vs CMTFX | |
| Leader Short Term High Yield Bond Fund | 0.16 | 0.17 | 0.26 | 77 | Short-Term Bond | ALDAX vs LCCMX |
See all 22 diversifiers for ALDAX
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