PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Alger Emerging Markets Fund (AIEMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of emerging country issuers. It generally invests in at least three emerging countries, and, at times, may invest a substantial portion of its assets in a single emerging country. The fund may invest in companies of any market capitalization, from larger, well-established companies to small, emerging growth companies.

Looking to diversify beyond AIEMX? The mutual funds below have the lowest correlation with AIEMX — 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 AIEMX.

Best Diversifiers for AIEMX

0 mutual funds have low correlation with AIEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Diversified) with a 1Y correlation of 0.50, down from 0.69 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.500.640.69
86
Emerging Markets DiversifiedAIEMX vs ESCIX
EMPTX
UBS Emerging Markets Equity Opportunity Fund0.610.690.71
94
Emerging Markets DiversifiedAIEMX vs EMPTX
CEMFX
Cullen Emerging Markets High Dividend Fund0.630.710.72
92
Emerging Markets DiversifiedAIEMX vs CEMFX
ALBAX
Alger Growth & Income Fund0.680.650.66
89
Large Cap Blend EquitiesAIEMX vs ALBAX
ALAFX
Alger Focus Equity A Fund0.690.660.68
57
Large Cap Growth EquitiesAIEMX vs ALAFX
See all 27 diversifiers for AIEMX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements AIEMX

Add AIEMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with AIEMX