Looking to diversify beyond GNYTX? The mutual funds below have historically moved differently from GNYTX, 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 GNYTX
14 mutual funds have low correlation with GNYTX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Class A (LBSAX) (Large Cap Value Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Class A | 0.12 | 0.13 | 0.08 | 89 | Large Cap Value Equities | GNYTX vs LBSAX | |
| Columbia Dividend Income Fund | 0.12 | 0.13 | 0.08 | 90 | Large Cap Value Equities | GNYTX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.12 | 0.13 | 0.08 | 90 | Large Cap Value Equities, Dividend | GNYTX vs CDDYX | |
| Columbia Seligman Global Technology Fund | 0.14 | 0.12 | 0.10 | 92 | Technology Equities | GNYTX vs SHGTX | |
| Columbia Seligman Technology and Information Fund ... | 0.15 | 0.12 | 0.11 | 93 | Technology Equities | GNYTX vs SLMCX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements GNYTX
Add GNYTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GNYTX