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Driehaus Emerging Markets Opportunities Fund (DMAGX) Diversifiers

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

Under normal market conditions, the fund invests substantially all (no less than 80%) of its net assets (plus the amount of borrowings for investment purposes) in emerging markets securities. Issuers of emerging markets securities may include: (i) issuers organized under the laws of an emerging market country or having securities which are traded principally on an exchange or over-the-counter in an emerging market country; or (ii) issuers which, regardless of where organized or where securities traded, have significant economic exposure in or with emerging market countries.

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

Best Diversifiers for DMAGX

0 mutual funds have low correlation with DMAGX (below 0.3), 0 of which are negatively correlated. The least correlated is UBS Emerging Markets Equity Opportunity Fund (EMPTX) (Emerging Markets Diversified) with a 1Y correlation of 0.40, down from 0.62 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
EMPTX
UBS Emerging Markets Equity Opportunity Fund0.400.470.62
92
Emerging Markets DiversifiedDMAGX vs EMPTX
CEMFX
Cullen Emerging Markets High Dividend Fund0.440.530.65
89
Emerging Markets DiversifiedDMAGX vs CEMFX
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.460.600.69
87
Emerging Markets DiversifiedDMAGX vs ESCIX
DEMIX
Delaware Emerging Markets Fund0.520.580.72
98
Emerging Markets DiversifiedDMAGX vs DEMIX
SSKEX
State Street Emerging Markets Equity Index Fund0.550.550.70
89
Emerging Markets DiversifiedDMAGX vs SSKEX
See all 27 diversifiers for DMAGX

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