Looking to diversify beyond DRESX? The mutual funds below have the lowest correlation with DRESX — 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 DRESX.
Best Diversifiers for DRESX
0 mutual funds have low correlation with DRESX (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 0.54, down from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.54 | 0.67 | 0.71 | 87 | Emerging Markets Diversified | DRESX vs ESCIX | |
| Driehaus Micro Cap Growth Fund | 0.54 | 0.55 | 0.54 | 85 | Small Cap Growth Equities | DRESX vs DMCRX | |
| SA Emerging Markets Value Fund | 0.54 | 0.51 | 0.58 | 89 | Emerging Markets Diversified | DRESX vs SAEMX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.56 | 0.57 | 0.64 | 93 | Emerging Markets Diversified | DRESX vs EMPTX | |
| Driehaus Small Cap Growth Fund | 0.57 | 0.57 | 0.56 | 68 | Small Cap Growth Equities | DRESX vs DVSMX |
See all 138 diversifiers for DRESX
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