Looking to diversify beyond COLTX? The mutual funds below have the lowest correlation with COLTX — 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 COLTX.
Best Diversifiers for COLTX
20 mutual funds have low correlation with COLTX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.19 | 0.22 | 95 | Municipal Bonds | COLTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.01 | 0.19 | 0.22 | 94 | Municipal Bonds | COLTX vs DMREX | |
| Columbia Global Technology Growth Fund Class A | 0.11 | 0.07 | 0.10 | 76 | Technology Equities, Large Cap Growth Equities | COLTX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.11 | 0.07 | 0.10 | 77 | Technology Equities | COLTX vs CMTFX | |
| Columbia Seligman Global Technology Fund | 0.12 | 0.09 | 0.10 | 96 | Technology Equities | COLTX vs SHGTX |
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