Looking to diversify beyond EMFIX? The mutual funds below have the lowest correlation with EMFIX — 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 EMFIX.
Best Diversifiers for EMFIX
1 mutual funds have low correlation with EMFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Corporate Income Fund (EMCIX) (Emerging Markets Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Corporate Income Fund | 0.26 | 0.21 | 0.26 | 62 | Emerging Markets Bonds | EMFIX vs EMCIX | |
| Ashmore Emerging Markets Investment Grade Income F... | 0.40 | 0.32 | 0.31 | 95 | Emerging Markets Bonds | EMFIX vs IGIEX | |
| Ashmore Emerging Markets Total Return Fund | 0.44 | 0.43 | 0.46 | 66 | Emerging Markets Bonds | EMFIX vs EMKIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.63 | 0.77 | 0.81 | 86 | Emerging Markets Diversified | EMFIX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.72 | 0.78 | 0.81 | 94 | Emerging Markets Diversified | EMFIX vs EMPTX |
See all 28 diversifiers for EMFIX
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Diversification Analysis
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