Looking to diversify beyond AUGAX? The mutual funds below have the lowest correlation with AUGAX — 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 AUGAX.
Best Diversifiers for AUGAX
8 mutual funds have low correlation with AUGAX (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 0.07, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund | 0.07 | 0.09 | 0.10 | 97 | Technology Equities | AUGAX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.08 | 0.10 | 0.10 | 97 | Technology Equities | AUGAX vs SHGTX | |
| Columbia Global Technology Growth Fund Class A | 0.11 | 0.09 | 0.09 | 83 | Technology Equities, Large Cap Growth Equities | AUGAX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.11 | 0.09 | 0.09 | 84 | Technology Equities | AUGAX vs CMTFX | |
| Columbia Contrarian Core Fund | 0.18 | 0.16 | 0.14 | 58 | Large Cap Blend Equities | AUGAX vs SMGIX |
See all 17 diversifiers for AUGAX
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