Looking to diversify beyond CMTFX? The mutual funds below have historically moved differently from CMTFX, 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 CMTFX
18 mutual funds have low correlation with CMTFX (below 0.3), 1 of which are negatively correlated. The least correlated is Columbia Commodity Strategy Fund (CCSZX) (Commodities) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Commodity Strategy Fund | -0.03 | 0.06 | 0.11 | 85 | Commodities | CMTFX vs CCSZX | |
| Columbia Real Estate Equity Fund | 0.01 | 0.19 | 0.38 | 74 | REIT | CMTFX vs CREEX | |
| Columbia Ultra Short Term Bond Fund | 0.01 | 0.02 | 0.04 | 99 | Ultrashort Bond | CMTFX vs CMGUX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.12 | 0.09 | 0.09 | 69 | Municipal Bonds | CMTFX vs GNYTX | |
| Columbia Massachusetts Intermediate Municipal Bond... | 0.13 | 0.07 | 0.09 | 64 | Municipal Bonds | CMTFX vs SEMAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CMTFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Pathward Financial, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.16, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pathward Financial, Inc. | 0.16 | 0.25 | 0.39 | 61 | Financial Services | |
| Apple Inc | 0.33 | 0.45 | 0.62 | 89 | Technology |
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