Looking to diversify beyond UMLGX? The mutual funds below have historically moved differently from UMLGX, 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 UMLGX
0 mutual funds have low correlation with UMLGX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Class A (LBSAX) (Large Cap Value Equities) with a 1Y correlation of 0.35, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Class A | 0.35 | 0.51 | 0.62 | 89 | Large Cap Value Equities | UMLGX vs LBSAX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.35 | 0.51 | 0.62 | 90 | Large Cap Value Equities, Dividend | UMLGX vs CDDYX | |
| Columbia Dividend Income Fund | 0.36 | 0.51 | 0.62 | 90 | Large Cap Value Equities | UMLGX vs GSFTX | |
| Columbia Overseas Value Fund | 0.52 | 0.47 | 0.55 | 72 | Foreign Large Cap Equities | UMLGX vs COSZX | |
| Davis New York Venture Fund Class Y | 0.57 | 0.65 | 0.72 | 90 | Large Cap Growth Equities | UMLGX vs DNVYX |
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