Looking to diversify beyond CCSZX? The mutual funds below have historically moved differently from CCSZX, 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 CCSZX
8 mutual funds have low correlation with CCSZX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Advisor Strategic Income Fund Class I (FSRIX) (Total Bond Market) with a 1Y correlation of -0.21, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Strategic Income Fund Class I | -0.21 | -0.06 | 0.05 | 69 | Total Bond Market | CCSZX vs FSRIX | |
| Columbia Seligman Global Technology Fund | -0.01 | 0.09 | 0.13 | 92 | Technology Equities | CCSZX vs SHGTX | |
| Columbia Seligman Premium Technology Growth Fund | -0.00 | 0.10 | 0.13 | 88 | Technology Equities, Options Trading, Actively Managed | CCSZX vs STK | |
| Columbia Seligman Technology and Information Fund ... | 0.00 | 0.09 | 0.13 | 93 | Technology Equities | CCSZX vs SLMCX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.02 | 0.08 | 0.18 | 90 | Large Cap Value Equities, Dividend | CCSZX vs CDDYX |
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