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Columbia Emerging Markets Bond Fund (REBAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks to provide shareholders with high total return through current income and, secondarily, through capital appreciation. The fund invests primarily in fixed income securities of emerging markets issuers. Under normal circumstances, at least 80% of its net assets (including the amount of any borrowings for investment purposes) will be invested in fixed income securities of issuers that are located in emerging markets countries, or that earn 50% or more of their total revenues from goods or services produced in emerging markets countries or from sales made in emerging markets countries.

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

Best Diversifiers for REBAX

1 mutual funds have low correlation with REBAX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.28, roughly unchanged from 0.34 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EDF
Virtus Stone Harbor Emerging Markets Income Fund0.280.280.34
56
Emerging Markets BondsREBAX vs EDF
CDDYX
Columbia Dividend Income Fund Institutional 3 Clas...0.360.300.32
79
Large Cap Value Equities, DividendREBAX vs CDDYX
LBSAX
Columbia Dividend Income Fund Class A0.360.300.32
77
Large Cap Value EquitiesREBAX vs LBSAX
GSFTX
Columbia Dividend Income Fund0.360.300.32
79
Large Cap Value EquitiesREBAX vs GSFTX
SLMCX
Columbia Seligman Technology and Information Fund0.420.300.32
96
Technology EquitiesREBAX vs SLMCX
See all 24 diversifiers for REBAX

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