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
18 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 0.03, 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 | 0.03 | 0.06 | 0.06 | 99 | Ultrashort Bond | GSFTX vs CMGUX | |
| Columbia Commodity Strategy Fund | 0.04 | 0.09 | 0.19 | 78 | Commodities | GSFTX vs CCSZX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.12 | 0.13 | 0.08 | 76 | Municipal Bonds | GSFTX vs GNYTX | |
| Federated Hermes Institutional High Yield Bond Fun... | 0.14 | 0.29 | 0.38 | 69 | High Yield Bonds | GSFTX vs FIHBX | |
| Columbia Floating Rate Fund | 0.17 | 0.26 | 0.27 | 73 | Bank Loan | GSFTX vs RFRAX |
See all 123 diversifiers for GSFTX
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