Looking to diversify beyond UMLGX? The mutual funds below have the lowest correlation with UMLGX — 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 UMLGX.
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 0.38, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Class A | 0.38 | 0.52 | 0.63 | 77 | Large Cap Value Equities | UMLGX vs LBSAX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.39 | 0.52 | 0.62 | 79 | Large Cap Value Equities, Dividend | UMLGX vs CDDYX | |
| Columbia Dividend Income Fund | 0.40 | 0.52 | 0.62 | 79 | Large Cap Value Equities | UMLGX vs GSFTX | |
| ICON Equity Fund | 0.55 | 0.57 | 0.68 | 84 | Large Cap Growth Equities | UMLGX vs IOLZX | |
| PrimeCap Odyssey Growth Fund | 0.73 | 0.78 | 0.85 | 93 | Large Cap Growth Equities | UMLGX vs POGRX |
See all 25 diversifiers for UMLGX
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