Looking to diversify beyond GSFTX? The mutual funds below have the lowest correlation with GSFTX — 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 GSFTX.
Best Diversifiers for GSFTX
16 mutual funds have low correlation with GSFTX (below 0.3), 0 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 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Ultra Short Term Bond Fund | 0.04 | 0.06 | 0.06 | 99 | Ultrashort Bond | GSFTX vs CMGUX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.13 | 0.14 | 0.08 | 74 | Municipal Bonds | GSFTX vs GNYTX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.14 | 0.29 | 0.38 | 65 | High Yield Bonds | GSFTX vs FIHBX | |
| Columbia Short Term Municipal Bond Fund | 0.18 | 0.16 | 0.09 | 76 | Municipal Bonds | GSFTX vs NSMIX | |
| Columbia Tax-Exempt Fund | 0.18 | 0.14 | 0.09 | 71 | Municipal Bonds | GSFTX vs COLTX |
See all 116 diversifiers for GSFTX
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