Looking to diversify beyond IMNTX? The mutual funds below have the lowest correlation with IMNTX — 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 IMNTX.
Best Diversifiers for IMNTX
16 mutual funds have low correlation with IMNTX (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 0.12, 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 | 0.12 | 0.07 | 0.09 | 76 | Technology Equities, Large Cap Growth Equities | IMNTX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.13 | 0.07 | 0.09 | 77 | Technology Equities | IMNTX vs CMTFX | |
| Columbia Seligman Global Technology Fund | 0.13 | 0.09 | 0.09 | 96 | Technology Equities | IMNTX vs SHGTX | |
| Columbia Seligman Technology and Information Fund | 0.13 | 0.09 | 0.09 | 96 | Technology Equities | IMNTX vs SLMCX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.27 | 0.36 | 99 | Municipal Bonds | IMNTX vs DFSMX |
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