Looking to diversify beyond CMBFX? The mutual funds below have historically moved differently from CMBFX, 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 CMBFX
14 mutual funds have low correlation with CMBFX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Seligman Premium Technology Growth Fund (STK) (Technology Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Premium Technology Growth Fund | 0.17 | 0.12 | 0.13 | 88 | Technology Equities, Options Trading, Actively Managed | CMBFX vs STK | |
| Columbia Dividend Income Fund Class A | 0.18 | 0.12 | 0.09 | 89 | Large Cap Value Equities | CMBFX vs LBSAX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.18 | 0.12 | 0.09 | 90 | Large Cap Value Equities, Dividend | CMBFX vs CDDYX | |
| Columbia Dividend Income Fund | 0.18 | 0.12 | 0.09 | 90 | Large Cap Value Equities | CMBFX vs GSFTX | |
| Columbia Seligman Technology and Information Fund ... | 0.19 | 0.10 | 0.10 | 93 | Technology Equities | CMBFX vs SLMCX |
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