Looking to diversify beyond NMPAX? The mutual funds below have historically moved differently from NMPAX, 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 NMPAX
0 mutual funds have low correlation with NMPAX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Overseas Value Fund (COSZX) (Foreign Large Cap Equities) with a 1Y correlation of 0.61, roughly unchanged from 0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Overseas Value Fund | 0.61 | 0.63 | 0.69 | 67 | Foreign Large Cap Equities | NMPAX vs COSZX | |
| Columbia Seligman Global Technology Fund | 0.68 | 0.70 | 0.77 | 92 | Technology Equities | NMPAX vs SHGTX | |
| Columbia Seligman Technology and Information Fund ... | 0.69 | 0.70 | 0.77 | 93 | Technology Equities | NMPAX vs SLMCX | |
| Columbia Dividend Income Fund Class A | 0.71 | 0.80 | 0.84 | 90 | Large Cap Value Equities | NMPAX vs LBSAX | |
| 13D Activist Fund | 0.72 | 0.82 | 0.87 | 82 | Mid Cap Blend Equities | NMPAX vs DDDIX |
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