Looking to diversify beyond EMDIX? The mutual funds below have the lowest correlation with EMDIX — 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 EMDIX.
Best Diversifiers for EMDIX
2 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 0.22, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.22 | 0.35 | 0.32 | 77 | Dividend | EMDIX vs SVAAX | |
| Virtus Stone Harbor Emerging Markets Income Fund | 0.29 | 0.26 | 0.32 | 63 | Emerging Markets Bonds | EMDIX vs EDF | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.49 | 0.53 | 0.60 | 98 | Emerging Markets Bonds | EMDIX vs DBLLX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.58 | 0.63 | 0.69 | 96 | Emerging Markets Bonds | EMDIX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 0.60 | 0.66 | 0.72 | 90 | Emerging Markets Bonds | EMDIX vs DBLEX |
See all 18 diversifiers for EMDIX
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