Looking to diversify beyond EMGAX? The mutual funds below have the lowest correlation with EMGAX — 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 EMGAX.
Best Diversifiers for EMGAX
2 mutual funds have low correlation with EMGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Allspring Ultra Short-Term Income Fund (SADIX) (Ultrashort Bond) with a 1Y correlation of 0.14, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Allspring Ultra Short-Term Income Fund | 0.14 | 0.03 | 0.10 | 98 | Ultrashort Bond | EMGAX vs SADIX | |
| Allspring Short-Term Bond Plus Fund | 0.17 | 0.14 | 0.14 | 83 | Short-Term Bond | EMGAX vs SSHIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.50 | 0.63 | 0.69 | 87 | Emerging Markets Diversified | EMGAX vs ESCIX | |
| Allspring Disciplined U.S. Core Fund | 0.54 | 0.59 | 0.60 | 75 | Large Cap Blend Equities | EMGAX vs EVSAX | |
| Allspring Diversified Capital Builder Fund | 0.56 | 0.60 | 0.60 | 96 | Diversified Portfolio | EMGAX vs EKBAX |
See all 27 diversifiers for EMGAX
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