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Cullen Emerging Markets High Dividend Fund (CEMFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks current income and long-term capital appreciation. The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in high-dividend paying securities of companies across all capitalizations that are organized in, maintain at least 50% of their assets in, or derive at least 50% of their revenues from, emerging market countries. As a point of comparison, a high dividend paying common stock that the fund would invest in would generally have a dividend yield greater than the average dividend yield of the equity securities in the MSCI Emerging Markets Index.

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

Best Diversifiers for CEMFX

3 mutual funds have low correlation with CEMFX (below 0.3), 0 of which are negatively correlated. The least correlated is Hussman Strategic Total Return Fund (HSTRX) (Tactical Allocation) with a 1Y correlation of 0.19, down from 0.34 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HSTRX
Hussman Strategic Total Return Fund0.190.280.34
89
Tactical AllocationCEMFX vs HSTRX
CHDEX
Cullen High Dividend Equity Fund0.200.340.44
72
Large Cap Value EquitiesCEMFX vs CHDEX
CVLVX
Cullen Value Fund0.290.380.47
90
Large Cap Value EquitiesCEMFX vs CVLVX
FSELX
Fidelity Select Semiconductors Portfolio0.430.480.50
96
Semiconductors, Technology EquitiesCEMFX vs FSELX
DMAGX
Driehaus Emerging Markets Opportunities Fund0.440.530.65
77
Emerging Markets DiversifiedCEMFX vs DMAGX
See all 124 diversifiers for CEMFX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from CEMFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CEMFX and solid risk/return profiles. The least correlated is STAG Industrial, Inc. (STAG) (Real Estate) with a 1Y correlation of 0.02, down from 0.26 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
STAG
STAG Industrial, Inc.0.020.200.26
58
Real Estate

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