Looking to diversify beyond CDDYX? The mutual funds below have the lowest correlation with CDDYX — 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 CDDYX.
Best Diversifiers for CDDYX
18 mutual funds have low correlation with CDDYX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Ultra Short Term Bond Fund (CMGUX) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Ultra Short Term Bond Fund | 0.04 | 0.06 | 0.06 | 99 | Ultrashort Bond | CDDYX vs CMGUX | |
| AQR Managed Futures Strategy Fund Class N | 0.09 | 0.01 | -0.09 | 89 | Systematic Trend | CDDYX vs AQMNX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.13 | 0.14 | 0.08 | 74 | Municipal Bonds | CDDYX vs GNYTX | |
| Columbia Short Term Municipal Bond Fund | 0.18 | 0.16 | 0.09 | 76 | Municipal Bonds | CDDYX vs NSMIX | |
| Columbia Tax-Exempt Fund | 0.18 | 0.14 | 0.09 | 71 | Municipal Bonds | CDDYX vs COLTX |
See all 128 diversifiers for CDDYX
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