Looking to diversify beyond COBYX? The mutual funds below have the lowest correlation with COBYX — 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 COBYX.
Best Diversifiers for COBYX
65 mutual funds have low correlation with COBYX (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 0.11, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.11 | 0.34 | 0.41 | 86 | Emerging Markets Diversified | COBYX vs ESCIX | |
| William Blair Emerging Markets Growth Fund | 0.11 | 0.27 | 0.33 | 87 | Emerging Markets Diversified | COBYX vs WBEIX | |
| MainStay Candriam Emerging Markets Equity Fund | 0.12 | 0.28 | 0.34 | 93 | Emerging Markets Diversified | COBYX vs MCYVX | |
| William Blair Emerging Markets Small Cap Growth Fu... | 0.14 | 0.29 | 0.34 | 67 | Emerging Markets Diversified | COBYX vs BESIX | |
| Thornburg Developing World Fund | 0.14 | 0.30 | 0.35 | 87 | Emerging Markets Diversified | COBYX vs THDIX |
See all 152 diversifiers for COBYX
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