Looking to diversify beyond LNGZX? The mutual funds below have historically moved differently from LNGZX, 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 LNGZX
0 mutual funds have low correlation with LNGZX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Institutional 3 Class (CDDYX) (Large Cap Value Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.32 | 0.32 | 0.32 | 90 | Large Cap Value Equities, Dividend | LNGZX vs CDDYX | |
| Columbia Dividend Income Fund Class A | 0.32 | 0.32 | 0.32 | 89 | Large Cap Value Equities | LNGZX vs LBSAX | |
| Columbia Dividend Income Fund | 0.32 | 0.32 | 0.32 | 90 | Large Cap Value Equities | LNGZX vs GSFTX | |
| Columbia Overseas Value Fund | 0.52 | 0.50 | 0.51 | 72 | Foreign Large Cap Equities | LNGZX vs COSZX | |
| Columbia Seligman Global Technology Fund | 0.56 | 0.44 | 0.44 | 92 | Technology Equities | LNGZX vs SHGTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LNGZX, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.15, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.15 | 0.02 | 0.09 | 57 | Energy |
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