Looking to diversify beyond SHGTX? The mutual funds below have the lowest correlation with SHGTX — 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 SHGTX.
Best Diversifiers for SHGTX
16 mutual funds have low correlation with SHGTX (below 0.3), 1 of which are negatively correlated. The least correlated is Columbia Commodity Strategy Fund (CCSZX) (Commodities) with a 1Y correlation of -0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Commodity Strategy Fund | -0.02 | 0.10 | 0.14 | 79 | Commodities | SHGTX vs CCSZX | |
| Columbia Ultra Short Term Bond Fund | 0.01 | 0.04 | 0.04 | 98 | Ultrashort Bond | SHGTX vs CMGUX | |
| Columbia California Intermediate Municipal Bond Fu... | 0.08 | 0.07 | 0.08 | 68 | Municipal Bonds | SHGTX vs NCMAX | |
| Columbia Strategic New York Municipal Income Fund | 0.09 | 0.08 | 0.09 | 66 | Municipal Bonds | SHGTX vs COLNX | |
| Columbia Strategic California Municipal Income Fun... | 0.09 | 0.07 | 0.08 | 60 | Municipal Bonds | SHGTX vs CLMPX |
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