Looking to diversify beyond COLTX? The mutual funds below have historically moved differently from COLTX, 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 COLTX
17 mutual funds have low correlation with COLTX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.00, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.00 | 0.18 | 0.22 | 91 | Municipal Bonds | COLTX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.00 | 0.19 | 0.23 | 94 | Municipal Bonds | COLTX vs DMREX | |
| Columbia Seligman Global Technology Fund | 0.13 | 0.09 | 0.10 | 92 | Technology Equities | COLTX vs SHGTX | |
| Columbia Seligman Technology and Information Fund ... | 0.15 | 0.10 | 0.11 | 93 | Technology Equities | COLTX vs SLMCX | |
| Columbia Dividend Income Fund | 0.19 | 0.14 | 0.10 | 90 | Large Cap Value Equities | COLTX vs GSFTX |
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