Looking to diversify beyond NCMAX? The mutual funds below have the lowest correlation with NCMAX — 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 NCMAX.
Best Diversifiers for NCMAX
16 mutual funds have low correlation with NCMAX (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 0.11, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Global Technology Growth Fund Class A | 0.11 | 0.06 | 0.08 | 76 | Technology Equities, Large Cap Growth Equities | NCMAX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.11 | 0.06 | 0.08 | 77 | Technology Equities | NCMAX vs CMTFX | |
| Columbia Seligman Global Technology Fund | 0.14 | 0.08 | 0.09 | 96 | Technology Equities | NCMAX vs SHGTX | |
| Columbia Seligman Technology and Information Fund | 0.14 | 0.08 | 0.08 | 96 | Technology Equities | NCMAX vs SLMCX | |
| Columbia Dividend Income Fund | 0.19 | 0.12 | 0.07 | 79 | Large Cap Value Equities | NCMAX vs GSFTX |
See all 26 diversifiers for NCMAX
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