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
21 mutual funds have low correlation with CDDYX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Commodity Strategy Fund (CCSZX) (Commodities) with a 1Y correlation of 0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Commodity Strategy Fund | 0.03 | 0.09 | 0.19 | 78 | Commodities | CDDYX vs CCSZX | |
| Columbia Ultra Short Term Bond Fund | 0.03 | 0.06 | 0.06 | 99 | Ultrashort Bond | CDDYX vs CMGUX | |
| AQR Managed Futures Strategy Fund Class N | 0.08 | 0.00 | -0.10 | 90 | Systematic Trend | CDDYX vs AQMNX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.12 | 0.13 | 0.08 | 76 | Municipal Bonds | CDDYX vs GNYTX | |
| Columbia Floating Rate Fund | 0.16 | 0.26 | 0.27 | 73 | Bank Loan | CDDYX vs RFRAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CDDYX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CDDYX and solid risk/return profiles. The least correlated is The Southern Company (SO) (Utilities) with a 1Y correlation of 0.31, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Southern Company | 0.31 | 0.35 | 0.40 | 55 | Utilities |
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