Looking to diversify beyond CSMIX? The mutual funds below have historically moved differently from CSMIX, 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 CSMIX
0 mutual funds have low correlation with CSMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Aegis Value Fund Class I (AVALX) (Small Cap Value Equities) with a 1Y correlation of 0.40, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Aegis Value Fund Class I | 0.40 | 0.53 | 0.59 | 94 | Small Cap Value Equities | CSMIX vs AVALX | |
| Columbia Seligman Technology and Information Fund ... | 0.47 | 0.58 | 0.67 | 93 | Technology Equities | CSMIX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.47 | 0.58 | 0.67 | 92 | Technology Equities | CSMIX vs SHGTX | |
| Columbia Overseas Value Fund | 0.51 | 0.61 | 0.69 | 67 | Foreign Large Cap Equities | CSMIX vs COSZX | |
| Fidelity 500 Index Fund | 0.61 | 0.67 | 0.75 | 59 | S&P 500 | CSMIX vs FXAIX |
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