Looking to diversify beyond IUTIX? The mutual funds below have historically moved differently from IUTIX, 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 IUTIX
8 mutual funds have low correlation with IUTIX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Seligman Premium Technology Growth Fund (STK) (Technology Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Premium Technology Growth Fund | 0.09 | 0.08 | 0.06 | 89 | Technology Equities, Options Trading, Actively Managed | IUTIX vs STK | |
| Columbia Seligman Global Technology Fund | 0.12 | 0.08 | 0.06 | 92 | Technology Equities | IUTIX vs SHGTX | |
| Columbia Seligman Technology and Information Fund ... | 0.12 | 0.08 | 0.05 | 93 | Technology Equities | IUTIX vs SLMCX | |
| Columbia Dividend Income Fund Class A | 0.23 | 0.17 | 0.09 | 90 | Large Cap Value Equities | IUTIX vs LBSAX | |
| Columbia Dividend Income Fund | 0.23 | 0.17 | 0.09 | 91 | Large Cap Value Equities | IUTIX vs GSFTX |
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