Looking to diversify beyond SRHMX? The mutual funds below have the lowest correlation with SRHMX — 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 SRHMX.
Best Diversifiers for SRHMX
12 mutual funds have low correlation with SRHMX (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 0.13, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Global Technology Growth Fund Class A | 0.13 | 0.05 | 0.09 | 62 | Technology Equities, Large Cap Growth Equities | SRHMX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.13 | 0.05 | 0.09 | 63 | Technology Equities | SRHMX vs CMTFX | |
| BlackRock Event Driven Equity Fund | 0.14 | 0.10 | 0.10 | 80 | Event Driven | SRHMX vs BILPX | |
| Columbia Seligman Technology and Information Fund | 0.15 | 0.08 | 0.10 | 95 | Technology Equities | SRHMX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.16 | 0.08 | 0.10 | 94 | Technology Equities | SRHMX vs SHGTX |
See all 59 diversifiers for SRHMX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SRHMX
Add SRHMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SRHMX