Looking to diversify beyond CBALX? The mutual funds below have the lowest correlation with CBALX — 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 CBALX.
Best Diversifiers for CBALX
20 mutual funds have low correlation with CBALX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.04, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.15 | 0.47 | 67 | Diversified Portfolio | CBALX vs MHELX | |
| Columbia Ultra Short Term Bond Fund | 0.08 | 0.13 | 0.11 | 99 | Ultrashort Bond | CBALX vs CMGUX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.20 | 0.24 | 0.20 | 74 | Municipal Bonds | CBALX vs GNYTX | |
| Columbia California Intermediate Municipal Bond Fu... | 0.21 | 0.20 | 0.18 | 69 | Municipal Bonds | CBALX vs NCMAX | |
| Columbia Tax-Exempt Fund | 0.23 | 0.25 | 0.22 | 71 | Municipal Bonds | CBALX vs COLTX |
See all 94 diversifiers for CBALX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CBALX
Add CBALX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CBALX