Looking to diversify beyond EFEIX? The mutual funds below have the lowest correlation with EFEIX — 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 EFEIX.
Best Diversifiers for EFEIX
2 mutual funds have low correlation with EFEIX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Corporate Income Fund (EMCIX) (Emerging Markets Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Corporate Income Fund | 0.17 | 0.17 | 0.25 | 62 | Emerging Markets Bonds | EFEIX vs EMCIX | |
| Delaware Emerging Markets Fund | 0.28 | 0.39 | 0.44 | 98 | Emerging Markets Diversified | EFEIX vs DEMIX | |
| SA Emerging Markets Value Fund | 0.32 | 0.37 | 0.42 | 93 | Emerging Markets Diversified | EFEIX vs SAEMX | |
| Ashmore Emerging Markets Investment Grade Income F... | 0.32 | 0.31 | 0.31 | 95 | Emerging Markets Bonds | EFEIX vs IGIEX | |
| JOHCM Emerging Markets Small Mid Cap Equity Fund | 0.33 | 0.42 | 0.47 | 51 | Emerging Markets Diversified | EFEIX vs JOMMX |
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