Looking to diversify beyond NAMAX? The mutual funds below have the lowest correlation with NAMAX — 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 NAMAX.
Best Diversifiers for NAMAX
0 mutual funds have low correlation with NAMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Global Technology Growth Fund (CMTFX) (Technology Equities) with a 1Y correlation of 0.47, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Global Technology Growth Fund | 0.47 | 0.53 | 0.65 | 77 | Technology Equities | NAMAX vs CMTFX | |
| Columbia Global Technology Growth Fund Class A | 0.47 | 0.53 | 0.65 | 76 | Technology Equities, Large Cap Growth Equities | NAMAX vs CTCAX | |
| Columbia Seligman Global Technology Fund | 0.57 | 0.64 | 0.72 | 96 | Technology Equities | NAMAX vs SHGTX | |
| Columbia Seligman Technology and Information Fund | 0.57 | 0.64 | 0.73 | 96 | Technology Equities | NAMAX vs SLMCX | |
| Columbia Balanced Fund | 0.66 | 0.72 | 0.78 | 54 | Diversified Portfolio | NAMAX vs CBALX |
See all 55 diversifiers for NAMAX
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