Looking to diversify beyond NMPAX? The mutual funds below have the lowest correlation with NMPAX — 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 NMPAX.
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 Global Technology Growth Fund Class A (CTCAX) (Technology Equities) with a 1Y correlation of 0.57, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Global Technology Growth Fund Class A | 0.57 | 0.60 | 0.70 | 62 | Technology Equities, Large Cap Growth Equities | NMPAX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.57 | 0.60 | 0.70 | 63 | Technology Equities | NMPAX vs CMTFX | |
| Columbia Seligman Technology and Information Fund | 0.65 | 0.70 | 0.77 | 95 | Technology Equities | NMPAX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.65 | 0.71 | 0.76 | 95 | Technology Equities | NMPAX vs SHGTX | |
| Natixis Funds Trust II Vaughan Nelson Mid Cap Fund | 0.69 | 0.75 | 0.83 | 80 | Mid Cap Blend Equities | NMPAX vs VNVYX |
See all 27 diversifiers for NMPAX
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