Looking to diversify beyond CTCAX? The mutual funds below have the lowest correlation with CTCAX — 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 CTCAX.
Best Diversifiers for CTCAX
16 mutual funds have low correlation with CTCAX (below 0.3), 2 of which are negatively correlated. The least correlated is Columbia Commodity Strategy Fund (CCSZX) (Commodities) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Commodity Strategy Fund | -0.07 | 0.06 | 0.12 | 83 | Commodities | CTCAX vs CCSZX | |
| Columbia Ultra Short Term Bond Fund | -0.01 | 0.03 | 0.03 | 99 | Ultrashort Bond | CTCAX vs CMGUX | |
| Columbia California Intermediate Municipal Bond Fu... | 0.06 | 0.05 | 0.08 | 67 | Municipal Bonds | CTCAX vs NCMAX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.08 | 0.08 | 0.08 | 72 | Municipal Bonds | CTCAX vs GNYTX | |
| Columbia Strategic New York Municipal Income Fund | 0.09 | 0.07 | 0.09 | 57 | Municipal Bonds | CTCAX vs COLNX |
See all 103 diversifiers for CTCAX
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