Looking to diversify beyond CMGUX? The mutual funds below have the lowest correlation with CMGUX — 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 CMGUX.
Best Diversifiers for CMGUX
25 mutual funds have low correlation with CMGUX (below 0.3), 3 of which are negatively correlated. The least correlated is Columbia Global Technology Growth Fund Class A (CTCAX) (Technology Equities) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Global Technology Growth Fund Class A | -0.04 | 0.02 | 0.03 | 76 | Technology Equities, Large Cap Growth Equities | CMGUX vs CTCAX | |
| Columbia Global Technology Growth Fund | -0.03 | 0.02 | 0.03 | 77 | Technology Equities | CMGUX vs CMTFX | |
| DFA Two-Year Government Portfolio | -0.03 | -0.00 | 0.12 | 55 | Ultrashort Bond | CMGUX vs DFYGX | |
| Columbia Seligman Global Technology Fund | 0.00 | 0.03 | 0.04 | 96 | Technology Equities | CMGUX vs SHGTX | |
| Columbia Seligman Technology and Information Fund | 0.00 | 0.03 | 0.04 | 96 | Technology Equities | CMGUX vs SLMCX |
See all 41 diversifiers for CMGUX
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