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Columbia Small Cap Index Fund (NMSCX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

Under normal circumstances, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in common stocks that comprise the S&P SmallCap 600 Index. The Investment Manager attempts to achieve at least a 95% correlation between the performance of the index and the fund's investment results, before fees and expenses. The fund may invest in derivatives, such as futures (including equity index futures), for cash equitization purposes.

Looking to diversify beyond NMSCX? The mutual funds below have the lowest correlation with NMSCX — 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 NMSCX.

Best Diversifiers for NMSCX

0 mutual funds have low correlation with NMSCX (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 0.52, down from 0.64 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CMTFX
Columbia Global Technology Growth Fund0.520.530.64
84
Technology EquitiesNMSCX vs CMTFX
CTCAX
Columbia Global Technology Growth Fund Class A0.530.540.64
83
Technology Equities, Large Cap Growth EquitiesNMSCX vs CTCAX
SHGTX
Columbia Seligman Global Technology Fund0.610.650.72
97
Technology EquitiesNMSCX vs SHGTX
SLMCX
Columbia Seligman Technology and Information Fund0.620.650.72
97
Technology EquitiesNMSCX vs SLMCX
SMGIX
Columbia Contrarian Core Fund0.700.700.77
58
Large Cap Blend EquitiesNMSCX vs SMGIX
See all 35 diversifiers for NMSCX

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