Looking to diversify beyond CMBFX? The mutual funds below have the lowest correlation with CMBFX — 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 CMBFX.
Best Diversifiers for CMBFX
17 mutual funds have low correlation with CMBFX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Global Technology Growth Fund (CMTFX) (Technology Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Global Technology Growth Fund | 0.14 | 0.08 | 0.09 | 84 | Technology Equities | CMBFX vs CMTFX | |
| Columbia Seligman Global Technology Fund | 0.14 | 0.10 | 0.10 | 97 | Technology Equities | CMBFX vs SHGTX | |
| Columbia Seligman Technology and Information Fund | 0.14 | 0.09 | 0.09 | 97 | Technology Equities | CMBFX vs SLMCX | |
| Columbia Dividend Income Fund | 0.15 | 0.12 | 0.08 | 68 | Large Cap Value Equities | CMBFX vs GSFTX | |
| Columbia Dividend Income Fund Class A | 0.15 | 0.12 | 0.09 | 66 | Large Cap Value Equities | CMBFX vs LBSAX |
See all 24 diversifiers for CMBFX
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