Looking to diversify beyond COSZX? The mutual funds below have the lowest correlation with COSZX — 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 COSZX.
Best Diversifiers for COSZX
14 mutual funds have low correlation with COSZX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Ultra Short Term Bond Fund (CMGUX) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Ultra Short Term Bond Fund | 0.04 | 0.11 | 0.09 | 99 | Ultrashort Bond | COSZX vs CMGUX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.22 | 0.16 | 0.10 | 74 | Municipal Bonds | COSZX vs GNYTX | |
| Columbia Tax-Exempt Fund | 0.23 | 0.17 | 0.11 | 71 | Municipal Bonds | COSZX vs COLTX | |
| Columbia California Intermediate Municipal Bond Fu... | 0.25 | 0.13 | 0.08 | 69 | Municipal Bonds | COSZX vs NCMAX | |
| Columbia Massachusetts Intermediate Municipal Bond... | 0.26 | 0.15 | 0.09 | 73 | Municipal Bonds | COSZX vs SEMAX |
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