Looking to diversify beyond GNYTX? The mutual funds below have the lowest correlation with GNYTX — 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 GNYTX.
Best Diversifiers for GNYTX
17 mutual funds have low correlation with GNYTX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Global Technology Growth Fund Class A (CTCAX) (Technology Equities) with a 1Y correlation of 0.10, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Global Technology Growth Fund Class A | 0.10 | 0.08 | 0.09 | 61 | Technology Equities, Large Cap Growth Equities | GNYTX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.10 | 0.08 | 0.09 | 62 | Technology Equities | GNYTX vs CMTFX | |
| Columbia Dividend Income Fund Class A | 0.12 | 0.13 | 0.08 | 85 | Large Cap Value Equities | GNYTX vs LBSAX | |
| Columbia Dividend Income Fund | 0.12 | 0.13 | 0.08 | 86 | Large Cap Value Equities | GNYTX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.12 | 0.13 | 0.08 | 86 | Large Cap Value Equities, Dividend | GNYTX vs CDDYX |
See all 28 diversifiers for GNYTX
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