Looking to diversify beyond EMD? The mutual funds below have historically moved differently from EMD, 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 EMD
2 mutual funds have low correlation with EMD (below 0.3), 0 of which are negatively correlated. The least correlated is DoubleLine Low Duration Emerging Markets Fixed Income Fund (DBLLX) (Emerging Markets Bonds) with a 1Y correlation of 0.30, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.30 | 0.30 | 0.26 | 96 | Emerging Markets Bonds | EMD vs DBLLX | |
| The Central and Eastern Europe Fund | 0.30 | 0.27 | 0.25 | 52 | Europe Equities | EMD vs CEE | |
| American Beacon Frontier Markets Income Fund | 0.34 | 0.31 | 0.31 | 98 | Emerging Markets Bonds | EMD vs AGEPX | |
| Franklin Income Fund Advisor Class | 0.36 | 0.47 | 0.47 | 94 | Diversified Portfolio | EMD vs FRIAX | |
| Templeton Emerging Markets Fund | 0.36 | 0.33 | 0.36 | 80 | Emerging Markets Equities | EMD vs EMF |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EMD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.40, roughly unchanged from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.40 | 0.45 | 0.40 | 78 | Real Estate | |
| BlackRock Capital Allocation Term Trust | 0.47 | 0.40 | 0.43 | 95 | Financial Services | |
| Abrdn Total Dynamic Dividend Fund | 0.56 | 0.50 | 0.51 | 89 | Financial Services |
Build a portfolio that complements EMD
Add EMD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EMD