Looking to diversify beyond COSYX? The mutual funds below have the lowest correlation with COSYX — 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 COSYX.
Best Diversifiers for COSYX
0 mutual funds have low correlation with COSYX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Global Technology Growth Fund (CMTFX) (Technology Equities) with a 1Y correlation of 0.50, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Global Technology Growth Fund | 0.50 | 0.46 | 0.55 | 77 | Technology Equities | COSYX vs CMTFX | |
| Columbia Seligman Technology and Information Fund | 0.51 | 0.50 | 0.58 | 96 | Technology Equities | COSYX vs SLMCX | |
| Columbia Global Technology Growth Fund Class A | 0.51 | 0.47 | 0.55 | 76 | Technology Equities, Large Cap Growth Equities | COSYX vs CTCAX | |
| Columbia Seligman Global Technology Fund | 0.52 | 0.50 | 0.58 | 96 | Technology Equities | COSYX vs SHGTX | |
| Fidelity Small Cap Index Fund | 0.65 | 0.64 | 0.69 | 69 | Small Cap Blend Equities | COSYX vs FSSNX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from COSYX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to COSYX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.27, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.27 | 0.30 | 0.40 | 76 | Technology |
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