Looking to diversify beyond CTCAX? The mutual funds below have historically moved differently from CTCAX, 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 CTCAX
18 mutual funds have low correlation with CTCAX (below 0.3), 1 of which are negatively correlated. The least correlated is Columbia Commodity Strategy Fund (CCSZX) (Commodities) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Commodity Strategy Fund | -0.03 | 0.06 | 0.11 | 85 | Commodities | CTCAX vs CCSZX | |
| Columbia Real Estate Equity Fund | 0.00 | 0.19 | 0.37 | 74 | REIT | CTCAX vs CREEX | |
| Columbia Ultra Short Term Bond Fund | 0.01 | 0.02 | 0.04 | 99 | Ultrashort Bond | CTCAX vs CMGUX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.11 | 0.08 | 0.09 | 69 | Municipal Bonds | CTCAX vs GNYTX | |
| Columbia Massachusetts Intermediate Municipal Bond... | 0.13 | 0.07 | 0.09 | 64 | Municipal Bonds | CTCAX vs SEMAX |
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