Looking to diversify beyond CLMPX? The mutual funds below have historically moved differently from CLMPX, 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 CLMPX
16 mutual funds have low correlation with CLMPX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Seligman Global Technology Fund (SHGTX) (Technology Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Global Technology Fund | 0.14 | 0.09 | 0.09 | 92 | Technology Equities | CLMPX vs SHGTX | |
| Columbia Seligman Technology and Information Fund ... | 0.14 | 0.09 | 0.09 | 93 | Technology Equities | CLMPX vs SLMCX | |
| Columbia Seligman Premium Technology Growth Fund | 0.15 | 0.11 | 0.13 | 88 | Technology Equities, Options Trading, Actively Managed | CLMPX vs STK | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.25 | 0.34 | 100 | Municipal Bonds | CLMPX vs DFSMX | |
| Columbia Dividend Income Fund Class A | 0.18 | 0.14 | 0.08 | 89 | Large Cap Value Equities | CLMPX vs LBSAX |
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