Looking to diversify beyond AIEMX? The mutual funds below have historically moved differently from AIEMX, 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 AIEMX
2 mutual funds have low correlation with AIEMX (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 0.19, down from 0.60 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... | 0.19 | 0.50 | 0.60 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | AIEMX vs GSIYX | |
| The Cook & Bynum Fund | 0.28 | 0.39 | 0.47 | 66 | Emerging Markets Equities | AIEMX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.40 | 0.60 | 0.67 | 92 | Emerging Markets Equities | AIEMX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.64 | 0.69 | 0.71 | 77 | Emerging Markets Equities | AIEMX vs EMPTX | |
| Cullen Emerging Markets High Dividend Fund | 0.65 | 0.71 | 0.73 | 71 | Emerging Markets Equities | AIEMX vs CEMFX |
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