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Columbia Seligman Technology and Information Fund (SLMCX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks to provide shareholders with capital gain. Under normal market conditions, the fund invests at least 80% of its net assets in securities of technology and information companies. These companies in which the adviser will concentrate are companies operating in the information technology and communications services sectors, applying a global industry classification standard, as may be amended from time to time, to determine industry/sector classifications, as well as other related industries. The fund may invest up to 25% of its net assets in foreign investments. It is non-diversified.

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

Best Diversifiers for SLMCX

15 mutual funds have low correlation with SLMCX (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 0.15 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCSZX
Columbia Commodity Strategy Fund-0.020.100.15
79
CommoditiesSLMCX vs CCSZX
CMGUX
Columbia Ultra Short Term Bond Fund0.010.040.04
98
Ultrashort BondSLMCX vs CMGUX
CLMPX
Columbia Strategic California Municipal Income Fun...0.090.070.08
60
Municipal BondsSLMCX vs CLMPX
NCMAX
Columbia California Intermediate Municipal Bond Fu...0.090.070.08
68
Municipal BondsSLMCX vs NCMAX
IMNTX
Columbia Minnesota Tax-Exempt Fund0.100.080.09
69
Municipal BondsSLMCX vs IMNTX
See all 99 diversifiers for SLMCX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SLMCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLMCX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.36, down from 0.61 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.360.460.61
89
Technology
JPM
JPMorgan Chase & Co.0.380.370.43
59
Financial Services
UTG
Reaves Utility Income Trust0.430.330.39
78
Financial Services
TSM
Taiwan Semiconductor Manufacturing Company Limited0.650.690.71
95
Technology
BE
Bloom Energy Corporation0.700.590.61
99
Industrials

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