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 Columbia Seligman Technology and Information Fund (SLMCX) (Technology Equities) with a 1Y correlation of 0.64, roughly unchanged from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund | 0.64 | 0.61 | 0.67 | 96 | Technology Equities | COSTX vs SLMCX | |
| Columbia Global Technology Growth Fund | 0.64 | 0.58 | 0.65 | 77 | Technology Equities | COSTX vs CMTFX | |
| Columbia Seligman Global Technology Fund | 0.64 | 0.62 | 0.67 | 96 | Technology Equities | COSTX vs SHGTX | |
| Columbia Global Technology Growth Fund Class A | 0.64 | 0.58 | 0.65 | 76 | Technology Equities, Large Cap Growth Equities | COSTX vs CTCAX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.67 | 0.64 | 0.70 | 79 | Large Cap Value Equities, Dividend | COSTX vs CDDYX |
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