Looking to diversify beyond EMGAX? The mutual funds below have historically moved differently from EMGAX, 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 EMGAX
4 mutual funds have low correlation with EMGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.14, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.14 | 0.45 | 0.56 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | EMGAX vs GSIYX | |
| Allspring Ultra Short-Term Income Fund | 0.16 | 0.04 | 0.10 | 99 | Ultrashort Bond | EMGAX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.19 | 0.15 | 0.14 | 84 | Short-Term Bond | EMGAX vs SSHIX | |
| The Cook & Bynum Fund | 0.21 | 0.35 | 0.45 | 66 | Emerging Markets Equities | EMGAX vs COBYX | |
| Allspring Small Company Value Fund | 0.39 | 0.43 | 0.50 | 73 | Small Cap Value Equities | EMGAX vs SCVAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EMGAX
Add EMGAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EMGAX