Looking to diversify beyond NCMAX? The mutual funds below have historically moved differently from NCMAX, 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 NCMAX
16 mutual funds have low correlation with NCMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Class A (LBSAX) (Large Cap Value Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Class A | 0.17 | 0.11 | 0.07 | 89 | Large Cap Value Equities | NCMAX vs LBSAX | |
| Columbia Dividend Income Fund | 0.17 | 0.11 | 0.07 | 90 | Large Cap Value Equities | NCMAX vs GSFTX | |
| Columbia Seligman Global Technology Fund | 0.17 | 0.09 | 0.10 | 92 | Technology Equities | NCMAX vs SHGTX | |
| Columbia Seligman Technology and Information Fund ... | 0.17 | 0.09 | 0.10 | 93 | Technology Equities | NCMAX vs SLMCX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.19 | 0.12 | 0.08 | 90 | Large Cap Value Equities, Dividend | NCMAX vs CDDYX |
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