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
3 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 0.20, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Corporate Income Fund | 0.20 | 0.19 | 0.26 | 62 | Emerging Markets Bonds | EFEIX vs EMCIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.28 | 0.47 | 0.49 | 83 | Emerging Markets Diversified | EFEIX vs ESCIX | |
| Delaware Emerging Markets Fund | 0.30 | 0.38 | 0.44 | 94 | Emerging Markets Diversified | EFEIX vs DEMIX | |
| Baillie Gifford Emerging Markets Equities Fund | 0.34 | 0.48 | 0.47 | 79 | Emerging Markets Diversified | EFEIX vs BGELX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.34 | 0.43 | 0.47 | 81 | Emerging Markets Diversified | EFEIX vs EMPTX |
See all 131 diversifiers for EFEIX
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