Looking to diversify beyond ESFIX? The mutual funds below have historically moved differently from ESFIX, 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 ESFIX
23 mutual funds have low correlation with ESFIX (below 0.3), 1 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Equities) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | -0.03 | 0.09 | 0.16 | 92 | Emerging Markets Equities | ESFIX vs ESCIX | |
| Ashmore Emerging Markets Equity ESG Fund | 0.02 | 0.11 | 0.17 | 78 | Emerging Markets Equities | ESFIX vs ESIGX | |
| Ashmore Emerging Markets Equity Fund | 0.03 | 0.11 | 0.17 | 75 | Emerging Markets Equities | ESFIX vs EMFIX | |
| American Beacon Developing World Income Fund Class... | 0.05 | 0.13 | 0.24 | 99 | Emerging Markets Bonds | ESFIX vs AGEYX | |
| SEI Institutional Investments Trust Emerging Marke... | 0.05 | 0.19 | 0.26 | 84 | Emerging Markets Bonds | ESFIX vs SEDAX |
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