Looking to diversify beyond COSZX? The mutual funds below have historically moved differently from COSZX, 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 COSZX
15 mutual funds have low correlation with COSZX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Commodity Strategy Fund (CCSZX) (Commodities) with a 1Y correlation of 0.02, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Commodity Strategy Fund | 0.02 | 0.21 | 0.29 | 85 | Commodities | COSZX vs CCSZX | |
| Columbia Ultra Short Term Bond Fund | 0.05 | 0.10 | 0.09 | 99 | Ultrashort Bond | COSZX vs CMGUX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.21 | 0.15 | 0.10 | 69 | Municipal Bonds | COSZX vs GNYTX | |
| Columbia Massachusetts Intermediate Municipal Bond... | 0.23 | 0.14 | 0.10 | 64 | Municipal Bonds | COSZX vs SEMAX | |
| Columbia Tax-Exempt Fund | 0.24 | 0.17 | 0.12 | 84 | Municipal Bonds | COSZX vs COLTX |
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