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Columbia Strategic Income Fund (COSIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The investment seeks total return, consisting of current income and capital appreciation. Under normal circumstances, the fund has substantial exposure to fixed-income/debt markets. It may invest in U.S. government bonds and notes, U.S. and international bonds and notes, investment grade corporate (or similar) bonds and notes, mortgage- and other asset-backed securities, high yield (i.e., junk) instruments, floating rate loans and other floating rate debt securities, inflation-protected/linked securities, convertible securities, cash/cash equivalents, as well as foreign government, sovereign and quasi-sovereign debt investments.

Looking to diversify beyond COSIX? The mutual funds below have historically moved differently from COSIX, 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 COSIX

9 mutual funds have low correlation with COSIX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.24, roughly unchanged from -0.31 over 3 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
APFPX
Artisan Global Unconstrained Fund-0.24-0.31—
99
Nontraditional BondsCOSIX vs APFPX
CBYYX
Victory Pioneer Cat Bond Fund Class Y-0.03——
100
Nontraditional BondsCOSIX vs CBYYX
CELFX
Cliffwater Enhanced Lending Fund0.020.050.04
100
Nontraditional BondsCOSIX vs CELFX
SCFZX
PGIM Securitized Credit Fund0.090.010.06
100
Nontraditional BondsCOSIX vs SCFZX
PMOTX
Putnam Mortgage Opportunities Fund0.110.070.12
88
Nontraditional BondsCOSIX vs PMOTX
See all 32 diversifiers for COSIX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for COSIX, 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 Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.14, roughly unchanged from 0.22 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
V
Visa Inc.0.140.190.22
53
Financial Services

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Diversification Analysis

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