Looking to diversify beyond EMCIX? The mutual funds below have historically moved differently from EMCIX, 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 EMCIX
4 mutual funds have low correlation with EMCIX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Equities) with a 1Y correlation of 0.07, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.07 | 0.17 | 0.27 | 92 | Emerging Markets Equities | EMCIX vs ESCIX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.16 | 0.21 | 0.22 | 57 | Emerging Markets Bonds | EMCIX vs EDD | |
| Ashmore Emerging Markets Equity Fund | 0.29 | 0.21 | 0.27 | 75 | Emerging Markets Equities | EMCIX vs EMFIX | |
| Ashmore Emerging Markets Equity ESG Fund | 0.29 | 0.21 | 0.27 | 78 | Emerging Markets Equities | EMCIX vs ESIGX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.31 | 0.42 | 0.49 | 98 | Emerging Markets Bonds | EMCIX vs DBLLX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EMCIX
Add EMCIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EMCIX