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Parametric Tax-Managed Emerging Markets Fund (EITEX) Diversifiers

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

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies located in emerging market countries. Emerging market countries are generally countries not considered to be developed market countries, and therefore not included in the MSCI World Index. It invests primarily in securities issued by companies located in countries included in the MSCI Emerging Markets Index or the MSCI Frontier Markets Index. More than 25% of the fund's total assets may be denominated in any single currency.

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

Best Diversifiers for EITEX

1 mutual funds have low correlation with EITEX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.23, up from 0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BDMIX
BlackRock Global Long/Short Equity Fund Class I0.230.070.03
95
Long-ShortEITEX vs BDMIX
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y0.500.340.16
60
Systematic TrendEITEX vs ASFYX
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.540.640.70
87
Emerging Markets DiversifiedEITEX vs ESCIX
SAEMX
SA Emerging Markets Value Fund0.570.640.67
90
Emerging Markets DiversifiedEITEX vs SAEMX
JOMMX
JOHCM Emerging Markets Small Mid Cap Equity Fund0.580.640.71
52
Emerging Markets DiversifiedEITEX vs JOMMX
See all 156 diversifiers for EITEX

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