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Delaware Emerging Markets Fund (DEMIX) Diversifiers

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

The fund invests primarily in a broad range of equity securities of companies located in emerging market countries. Emerging market countries include those currently considered to be developing by the World Bank, the United Nations, or the countries' governments. These countries typically are located in the Asia-Pacific region, Eastern Europe, the Middle East, Central America, South America, and Africa. Under normal circumstances, at least 80% of the fund's net assets, plus any borrowings for investment purposes, will be invested in emerging market issuers (80% policy).

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

Best Diversifiers for DEMIX

10 mutual funds have low correlation with DEMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Delaware Tax-Free Colorado Fund (VCTFX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VCTFX
Delaware Tax-Free Colorado Fund0.140.090.10
76
Municipal BondsDEMIX vs VCTFX
FTORX
Delaware Tax-Free Oregon Fund0.150.100.11
69
Municipal BondsDEMIX vs FTORX
VIDAX
Delaware Tax-Free Idaho Fund0.160.110.11
76
Municipal BondsDEMIX vs VIDAX
FTNYX
Delaware Tax-Free New York Fund0.160.100.10
61
Municipal BondsDEMIX vs FTNYX
DELIX
Delaware Tax-Free Pennsylvania Fund0.170.110.12
70
Municipal BondsDEMIX vs DELIX
See all 169 diversifiers for DEMIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from DEMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DEMIX and solid risk/return profiles. The least correlated is AngloGold Ashanti Limited (AU) (Basic Materials) with a 1Y correlation of 0.19, roughly unchanged from 0.24 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AU
AngloGold Ashanti Limited0.190.230.24
79
Basic Materials
CLS
Celestica Inc.0.280.390.43
90
Technology

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Diversification Analysis

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