Looking to diversify beyond SEMAX? The mutual funds below have the lowest correlation with SEMAX — 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 SEMAX.
Best Diversifiers for SEMAX
16 mutual funds have low correlation with SEMAX (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 0.10, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Global Technology Growth Fund Class A | 0.10 | 0.07 | 0.08 | 83 | Technology Equities, Large Cap Growth Equities | SEMAX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.10 | 0.07 | 0.08 | 84 | Technology Equities | SEMAX vs CMTFX | |
| Columbia Seligman Technology and Information Fund | 0.12 | 0.09 | 0.08 | 97 | Technology Equities | SEMAX vs SLMCX | |
| Columbia Contrarian Core Fund | 0.12 | 0.12 | 0.10 | 58 | Large Cap Blend Equities | SEMAX vs SMGIX | |
| Columbia Seligman Global Technology Fund | 0.12 | 0.09 | 0.09 | 97 | Technology Equities | SEMAX vs SHGTX |
See all 24 diversifiers for SEMAX
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