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BlackRock Advantage Emerging Markets Fund (BLSIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 4, 2026
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The fund invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in equity securities issued by, or tied economically to, companies in emerging markets and derivatives that have similar economic characteristics to such securities. Generally, it will invest in equities or other financial instruments that are components of, or have characteristics similar to, the securities included in the MSCI EM Index. The fund primarily seeks to buy common stock and may also invest in preferred stock and convertible securities.

Looking to diversify beyond BLSIX? The mutual funds below have historically moved differently from BLSIX, 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 BLSIX

3 mutual funds have low correlation with BLSIX (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 0.20, down from 0.60 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
GSIYX
Goldman Sachs GQG Partners International Opportuni...0.200.490.60
51
Foreign Large Cap Equities, Emerging Markets EquitiesBLSIX vs GSIYX
COBYX
The Cook & Bynum Fund0.240.360.45
70
Emerging Markets EquitiesBLSIX vs COBYX
BDMIX
BlackRock Global Equity Market Neutral Fund Class ...0.290.110.06
98
Equity Market NeutralBLSIX vs BDMIX
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.420.610.68
91
Emerging Markets EquitiesBLSIX vs ESCIX
BDJ
BlackRock Enhanced Equity Dividend Trust0.460.420.48
66
Derivative IncomeBLSIX vs BDJ
See all 40 diversifiers for BLSIX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for BLSIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CII
BlackRock Enhanced Large Cap Core Fund, Inc.0.530.480.55
89

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