Looking to diversify beyond ADVMX? The mutual funds below have historically moved differently from ADVMX, 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 ADVMX
2 mutual funds have low correlation with ADVMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.24, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.24 | 0.47 | 0.58 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | ADVMX vs GSIYX | |
| The Cook & Bynum Fund | 0.28 | 0.37 | 0.46 | 66 | Emerging Markets Equities | ADVMX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.46 | 0.65 | 0.72 | 92 | Emerging Markets Equities | ADVMX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.58 | 0.66 | 0.71 | 77 | Emerging Markets Equities | ADVMX vs EMPTX | |
| Fidelity SAI Emerging Markets Low Volatility Index... | 0.64 | 0.69 | 0.74 | 53 | Emerging Markets Equities, Low Volatility | ADVMX vs FGKPX |
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