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
15 mutual funds have low correlation with CTCAX (below 0.3), 1 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 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Ultra Short Term Bond Fund | -0.04 | 0.02 | 0.03 | 99 | Ultrashort Bond | CTCAX vs CMGUX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.09 | 0.08 | 0.09 | 74 | Municipal Bonds | CTCAX vs GNYTX | |
| Columbia California Intermediate Municipal Bond Fu... | 0.11 | 0.06 | 0.08 | 69 | Municipal Bonds | CTCAX vs NCMAX | |
| Columbia Tax-Exempt Fund | 0.11 | 0.07 | 0.10 | 71 | Municipal Bonds | CTCAX vs COLTX | |
| Columbia Massachusetts Intermediate Municipal Bond... | 0.11 | 0.07 | 0.08 | 73 | Municipal Bonds | CTCAX vs SEMAX |
See all 153 diversifiers for CTCAX
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