Looking to diversify beyond CDDRX? The mutual funds below have the lowest correlation with CDDRX — 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 CDDRX.
Best Diversifiers for CDDRX
0 mutual funds have low correlation with CDDRX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Global Technology Growth Fund Class A (CTCAX) (Technology Equities) with a 1Y correlation of 0.38, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Global Technology Growth Fund Class A | 0.38 | 0.49 | 0.61 | 83 | Technology Equities, Large Cap Growth Equities | CDDRX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.39 | 0.49 | 0.61 | 84 | Technology Equities | CDDRX vs CMTFX | |
| Voya Corporate Leaders Trust Fund | 0.42 | 0.63 | 0.73 | 53 | Large Cap Value Equities | CDDRX vs LEXCX | |
| Columbia Seligman Global Technology Fund | 0.46 | 0.57 | 0.67 | 97 | Technology Equities | CDDRX vs SHGTX | |
| Columbia Seligman Technology and Information Fund | 0.47 | 0.57 | 0.67 | 97 | Technology Equities | CDDRX vs SLMCX |
See all 37 diversifiers for CDDRX
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