Looking to diversify beyond SETMX? The mutual funds below have historically moved differently from SETMX, 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 SETMX
16 mutual funds have low correlation with SETMX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Class A (LBSAX) (Large Cap Value Equities) with a 1Y correlation of 0.18, 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 Dividend Income Fund Class A | 0.18 | 0.15 | 0.10 | 89 | Large Cap Value Equities | SETMX vs LBSAX | |
| Columbia Seligman Technology and Information Fund ... | 0.18 | 0.11 | 0.11 | 93 | Technology Equities | SETMX vs SLMCX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.25 | 0.35 | 100 | Municipal Bonds | SETMX vs DFSMX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.19 | 0.14 | 0.10 | 90 | Large Cap Value Equities, Dividend | SETMX vs CDDYX | |
| Columbia Seligman Global Technology Fund | 0.20 | 0.11 | 0.11 | 92 | Technology Equities | SETMX vs SHGTX |
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