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
15 mutual funds have low correlation with CMBFX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Institutional 3 Class (CDDYX) (Large Cap Value Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.17 | 0.12 | 0.09 | 86 | Large Cap Value Equities, Dividend | CMBFX vs CDDYX | |
| Columbia Dividend Income Fund | 0.17 | 0.12 | 0.09 | 85 | Large Cap Value Equities | CMBFX vs GSFTX | |
| Columbia Dividend Income Fund Class A | 0.17 | 0.12 | 0.09 | 85 | Large Cap Value Equities | CMBFX vs LBSAX | |
| Columbia Global Technology Growth Fund | 0.18 | 0.08 | 0.10 | 63 | Technology Equities | CMBFX vs CMTFX | |
| Columbia Global Technology Growth Fund Class A | 0.18 | 0.08 | 0.10 | 62 | Technology Equities, Large Cap Growth Equities | CMBFX vs CTCAX |
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