Looking to diversify beyond AUGAX? The mutual funds below have historically moved differently from AUGAX, 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 AUGAX
5 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 Class A (SLMCX) (Technology Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund ... | 0.16 | 0.10 | 0.11 | 93 | Technology Equities | AUGAX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.16 | 0.11 | 0.11 | 92 | Technology Equities | AUGAX vs SHGTX | |
| Columbia Dividend Income Fund Class A | 0.24 | 0.20 | 0.14 | 89 | Large Cap Value Equities | AUGAX vs LBSAX | |
| Columbia Dividend Income Fund | 0.24 | 0.20 | 0.14 | 90 | Large Cap Value Equities | AUGAX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.24 | 0.20 | 0.14 | 90 | Large Cap Value Equities, Dividend | AUGAX vs CDDYX |
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