Looking to diversify beyond EMDZX? The mutual funds below have the lowest correlation with EMDZX — 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 EMDZX.
Best Diversifiers for EMDZX
1 mutual funds have low correlation with EMDZX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.22 | 0.21 | 0.26 | 63 | Emerging Markets Bonds | EMDZX vs EDF | |
| PGIM Floating Rate Income Fund | 0.42 | 0.30 | 0.33 | 96 | Bank Loan | EMDZX vs FRFZX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.42 | 0.39 | 0.39 | 98 | Emerging Markets Bonds | EMDZX vs DBLLX | |
| PGIM Jennison Small Company Fund | 0.44 | 0.38 | 0.40 | 58 | Small Cap Growth Equities | EMDZX vs PGOAX | |
| PGIM Short Duration Multi-Sector Bond Fund | 0.47 | 0.43 | 0.44 | 53 | Short-Term Bond | EMDZX vs SDMZX |
See all 22 diversifiers for EMDZX
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