PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Columbia Strategic New York Municipal Income Fund (COLNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The fund normally invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in municipal bonds that pay interest exempt from U.S. federal income tax (including the federal alternative minimum tax) and New York individual income tax.

Looking to diversify beyond COLNX? The mutual funds below have the lowest correlation with COLNX — 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 COLNX.

Best Diversifiers for COLNX

19 mutual funds have low correlation with COLNX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.22 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DMREX
DFA Municipal Real Return Portfolio0.010.200.22
95
Municipal BondsCOLNX vs DMREX
CMTFX
Columbia Global Technology Growth Fund0.080.070.09
84
Technology EquitiesCOLNX vs CMTFX
CTCAX
Columbia Global Technology Growth Fund Class A0.090.070.09
83
Technology Equities, Large Cap Growth EquitiesCOLNX vs CTCAX
SHGTX
Columbia Seligman Global Technology Fund0.090.080.09
97
Technology EquitiesCOLNX vs SHGTX
SLMCX
Columbia Seligman Technology and Information Fund0.090.080.09
97
Technology EquitiesCOLNX vs SLMCX
See all 28 diversifiers for COLNX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements COLNX

Add COLNX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with COLNX