Looking to diversify beyond SRHMX? The mutual funds below have historically moved differently from SRHMX, 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 SRHMX
13 mutual funds have low correlation with SRHMX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Seligman Premium Technology Growth Fund (STK) (Technology Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Premium Technology Growth Fund | 0.16 | 0.11 | 0.13 | 88 | Technology Equities, Options Trading, Actively Managed | SRHMX vs STK | |
| BlackRock Event Driven Equity Fund | 0.16 | 0.09 | 0.10 | 82 | Event Driven | SRHMX vs BILPX | |
| Columbia Seligman Global Technology Fund | 0.16 | 0.08 | 0.10 | 92 | Technology Equities | SRHMX vs SHGTX | |
| Columbia Seligman Technology and Information Fund ... | 0.16 | 0.08 | 0.10 | 93 | Technology Equities | SRHMX vs SLMCX | |
| Invesco Small Cap Value Fund | 0.19 | 0.10 | 0.06 | 76 | Small Cap Value Equities | SRHMX vs VSCAX |
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