Looking to diversify beyond LBSAX? The mutual funds below have historically moved differently from LBSAX, 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 LBSAX
17 mutual funds have low correlation with LBSAX (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 0.01, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Ultra Short Term Bond Fund | 0.01 | 0.05 | 0.05 | 99 | Ultrashort Bond | LBSAX vs CMGUX | |
| Columbia Commodity Strategy Fund | 0.02 | 0.08 | 0.18 | 85 | Commodities | LBSAX vs CCSZX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.11 | 0.13 | 0.08 | 69 | Municipal Bonds | LBSAX vs GNYTX | |
| Columbia Short Term Municipal Bond Fund | 0.13 | 0.14 | 0.09 | 71 | Municipal Bonds | LBSAX vs NSMIX | |
| Columbia Floating Rate Fund | 0.16 | 0.25 | 0.27 | 78 | Bank Loan | LBSAX vs RFRAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LBSAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of 0.39, down from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | 0.39 | 0.43 | 0.52 | 96 | Technology |
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