Looking to diversify beyond AMDWX? The mutual funds below have the lowest correlation with AMDWX — 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 AMDWX.
Best Diversifiers for AMDWX
0 mutual funds have low correlation with AMDWX (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 0.51, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.51 | 0.63 | 0.68 | 87 | Emerging Markets Diversified | AMDWX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.53 | 0.59 | 0.63 | 92 | Emerging Markets Diversified | AMDWX vs EMPTX | |
| Delaware Emerging Markets Fund | 0.57 | 0.66 | 0.70 | 98 | Emerging Markets Diversified | AMDWX vs DEMIX | |
| Cullen Emerging Markets High Dividend Fund | 0.57 | 0.65 | 0.70 | 89 | Emerging Markets Diversified | AMDWX vs CEMFX | |
| State Street Emerging Markets Equity Index Fund | 0.68 | 0.68 | 0.71 | 89 | Emerging Markets Diversified | AMDWX vs SSKEX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMDWX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMDWX and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.00, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.00 | -0.02 | 0.08 | 95 | Healthcare | |
| AbbVie Inc. | 0.02 | 0.08 | 0.11 | 71 | Healthcare | |
| Cisco Systems, Inc. | 0.33 | 0.36 | 0.44 | 94 | Technology | |
| Carpenter Technology Corporation | 0.45 | 0.42 | 0.46 | 94 | Industrials | |
| APi Group Corporation | 0.48 | 0.48 | 0.52 | 68 | Industrials |
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