Looking to diversify beyond EMPTX? The mutual funds below have the lowest correlation with EMPTX — 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 EMPTX.
Best Diversifiers for EMPTX
3 mutual funds have low correlation with EMPTX (below 0.3), 0 of which are negatively correlated. The least correlated is PACE Mortgage-Backed Securities Fixed Income Investments (PCGTX) (Intermediate Core Bond) with a 1Y correlation of 0.14, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.14 | 0.13 | 0.11 | 54 | Intermediate Core Bond | EMPTX vs PCGTX | |
| PACE Municipal Fixed Income Investments | 0.16 | 0.14 | 0.13 | 74 | Municipal Bonds | EMPTX vs PCMNX | |
| PACE Small/Medium Co Value Equity Investments | 0.30 | 0.36 | 0.42 | 55 | Small Cap Value Equities | EMPTX vs PCSVX | |
| PACE Large Co Value Equity Investments | 0.31 | 0.38 | 0.45 | 74 | Large Cap Value Equities | EMPTX vs PCLVX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.35 | 0.53 | 0.62 | 87 | Emerging Markets Diversified | EMPTX vs ESCIX |
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