Looking to diversify beyond ADVMX? The mutual funds below have the lowest correlation with ADVMX — 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 ADVMX.
Best Diversifiers for ADVMX
0 mutual funds have low correlation with ADVMX (below 0.3), 0 of which are negatively correlated. The least correlated is UBS Emerging Markets Equity Opportunity Fund (EMPTX) (Emerging Markets Diversified) with a 1Y correlation of 0.54, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS Emerging Markets Equity Opportunity Fund | 0.54 | 0.66 | 0.70 | 93 | Emerging Markets Diversified | ADVMX vs EMPTX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.55 | 0.68 | 0.74 | 87 | Emerging Markets Diversified | ADVMX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.64 | 0.65 | 0.69 | 63 | Emerging Markets Diversified | ADVMX vs WAEMX | |
| Delaware Emerging Markets Fund | 0.64 | 0.71 | 0.75 | 98 | Emerging Markets Diversified | ADVMX vs DEMIX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | 0.70 | 0.75 | 0.79 | 74 | Emerging Markets Diversified | ADVMX vs BADEX |
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