Looking to diversify beyond EFEIX? The mutual funds below have historically moved differently from EFEIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 The Cook & Bynum Fund (COBYX) (Emerging Markets Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| The Cook & Bynum Fund | 0.24 | 0.28 | 0.34 | 62 | Emerging Markets Equities | EFEIX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.27 | 0.46 | 0.49 | 96 | Emerging Markets Equities | EFEIX vs ESCIX | |
| Nomura Emerging Markets Fund Class C | 0.32 | 0.38 | 0.44 | 94 | Emerging Markets Equities | EFEIX vs DEMCX | |
| Delaware Emerging Markets Fund | 0.32 | 0.38 | 0.44 | 94 | Emerging Markets Equities | EFEIX vs DEMIX | |
| Nomura Emerging Markets Fund Class A | 0.33 | 0.38 | 0.44 | 94 | Emerging Markets Equities | EFEIX vs DEMAX |
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