Looking to diversify beyond COSTX? The mutual funds below have the lowest correlation with COSTX — 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 COSTX.
Best Diversifiers for COSTX
0 mutual funds have low correlation with COSTX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.52, down from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.52 | 0.61 | 0.72 | 63 | Foreign Large Cap Equities | COSTX vs IVFIX | |
| Columbia Seligman Technology and Information Fund | 0.62 | 0.61 | 0.67 | 95 | Technology Equities | COSTX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.63 | 0.61 | 0.67 | 94 | Technology Equities | COSTX vs SHGTX | |
| Columbia Global Technology Growth Fund Class A | 0.63 | 0.58 | 0.65 | 62 | Technology Equities, Large Cap Growth Equities | COSTX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.63 | 0.58 | 0.65 | 63 | Technology Equities | COSTX vs CMTFX |
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