Looking to diversify beyond EMD? The mutual funds below have the lowest correlation with EMD — 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 EMD.
Best Diversifiers for EMD
1 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 0.28, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.28 | 0.28 | 0.25 | 98 | Emerging Markets Bonds | EMD vs DBLLX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.33 | 0.25 | 0.26 | 97 | Emerging Markets Bonds | EMD vs EADOX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.33 | 0.23 | 0.25 | 97 | Emerging Markets Bonds | EMD vs EELDX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.33 | 0.22 | 0.25 | 97 | Emerging Markets Bonds | EMD vs EIDOX | |
| American Beacon Frontier Markets Income Fund | 0.34 | 0.30 | 0.31 | 98 | Emerging Markets Bonds | EMD vs AGEPX |
See all 18 diversifiers for EMD
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