Looking to diversify beyond EMDIX? The mutual funds below have historically moved differently from EMDIX, 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 EMDIX
1 mutual funds have low correlation with EMDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.15, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.15 | 0.33 | 0.31 | 93 | Dividend | EMDIX vs SVAAX | |
| Federated Hermes MDT Small Cap Growth Fund Class A | 0.36 | 0.36 | 0.34 | 68 | Small Cap Growth Equities | EMDIX vs QASGX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.42 | 0.35 | 0.35 | 50 | Large Cap Blend Equities | EMDIX vs QKACX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.47 | 0.43 | 0.44 | 57 | Emerging Markets Bonds | EMDIX vs EDD | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.51 | 0.55 | 0.60 | 98 | Emerging Markets Bonds | EMDIX vs DBLLX |
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