Looking to diversify beyond CMSCX? The mutual funds below have the lowest correlation with CMSCX — 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 CMSCX.
Best Diversifiers for CMSCX
0 mutual funds have low correlation with CMSCX (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 0.61, roughly unchanged from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.61 | 0.67 | 0.68 | 68 | Large Cap Value Equities, Dividend | CMSCX vs CDDYX | |
| Columbia Dividend Income Fund | 0.61 | 0.67 | 0.68 | 68 | Large Cap Value Equities | CMSCX vs GSFTX | |
| Columbia Dividend Income Fund Class A | 0.61 | 0.67 | 0.68 | 66 | Large Cap Value Equities | CMSCX vs LBSAX | |
| Columbia Global Technology Growth Fund Class A | 0.72 | 0.72 | 0.79 | 83 | Technology Equities, Large Cap Growth Equities | CMSCX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.73 | 0.72 | 0.79 | 84 | Technology Equities | CMSCX vs CMTFX |
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