Looking to diversify beyond SEMAX? The mutual funds below have historically moved differently from SEMAX, 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 SEMAX
15 mutual funds have low correlation with SEMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Seligman Technology and Information Fund Class A (SLMCX) (Technology Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund ... | 0.17 | 0.10 | 0.10 | 93 | Technology Equities | SEMAX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.17 | 0.11 | 0.10 | 92 | Technology Equities | SEMAX vs SHGTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.20 | 0.15 | 0.10 | 90 | Large Cap Value Equities, Dividend | SEMAX vs CDDYX | |
| Columbia Dividend Income Fund | 0.20 | 0.15 | 0.09 | 90 | Large Cap Value Equities | SEMAX vs GSFTX | |
| Columbia Dividend Income Fund Class A | 0.21 | 0.15 | 0.10 | 89 | Large Cap Value Equities | SEMAX vs LBSAX |
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