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 0.12, 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 | 0.12 | 0.05 | 0.09 | 76 | Technology Equities, Large Cap Growth Equities | SRHMX vs CTCAX | |
| Columbia Global Technology Growth Fund | 0.12 | 0.05 | 0.09 | 77 | Technology Equities | SRHMX vs CMTFX | |
| Invesco Small Cap Value Fund | 0.14 | 0.09 | 0.05 | 87 | Small Cap Value Equities | SRHMX vs VSCAX | |
| Columbia Seligman Global Technology Fund | 0.14 | 0.07 | 0.09 | 96 | Technology Equities | SRHMX vs SHGTX | |
| Columbia Seligman Technology and Information Fund | 0.14 | 0.07 | 0.09 | 96 | Technology Equities | SRHMX vs SLMCX |
See all 58 diversifiers for SRHMX
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