Looking to diversify beyond EMPTX? The mutual funds below have historically moved differently from EMPTX, 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 EMPTX
7 mutual funds have low correlation with EMPTX (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 0.05, down from 0.47 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... | 0.05 | 0.34 | 0.47 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | EMPTX vs GSIYX | |
| The Cook & Bynum Fund | 0.13 | 0.25 | 0.34 | 66 | Emerging Markets Equities | EMPTX vs COBYX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.14 | 0.12 | 0.11 | 58 | Intermediate Core Bond | EMPTX vs PCGTX | |
| PACE Municipal Fixed Income Investments | 0.18 | 0.14 | 0.13 | 66 | Municipal Bonds | EMPTX vs PCMNX | |
| PACE Large Co Value Equity Investments | 0.25 | 0.35 | 0.44 | 88 | Large Cap Value Equities | EMPTX vs PCLVX |
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