Looking to diversify beyond SRINX? The mutual funds below have historically moved differently from SRINX, 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 SRINX
1 mutual funds have low correlation with SRINX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Seligman Technology and Information Fund Class A (SLMCX) (Technology Equities) with a 1Y correlation of 0.30, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Seligman Technology and Information Fund ... | 0.30 | 0.23 | 0.24 | 93 | Technology Equities | SRINX vs SLMCX | |
| Columbia Seligman Global Technology Fund | 0.31 | 0.23 | 0.24 | 92 | Technology Equities | SRINX vs SHGTX | |
| Columbia Dividend Income Fund | 0.32 | 0.30 | 0.26 | 90 | Large Cap Value Equities | SRINX vs GSFTX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.33 | 0.30 | 0.26 | 90 | Large Cap Value Equities, Dividend | SRINX vs CDDYX | |
| Columbia Dividend Income Fund Class A | 0.34 | 0.30 | 0.26 | 89 | Large Cap Value Equities | SRINX vs LBSAX |
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