Looking to diversify beyond ESIGX? The mutual funds below have historically moved differently from ESIGX, 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 ESIGX
3 mutual funds have low correlation with ESIGX (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 0.13, down from 0.55 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... | 0.13 | 0.44 | 0.55 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | ESIGX vs GSIYX | |
| The Cook & Bynum Fund | 0.20 | 0.33 | 0.41 | 66 | Emerging Markets Equities | ESIGX vs COBYX | |
| Ashmore Emerging Markets Corporate Income Fund | 0.29 | 0.21 | 0.27 | 50 | Emerging Markets Bonds | ESIGX vs EMCIX | |
| Ashmore Emerging Markets Total Return Fund | 0.45 | 0.41 | 0.46 | 67 | Emerging Markets Bonds | ESIGX vs EMKIX | |
| Ashmore Emerging Markets Investment Grade Income F... | 0.45 | 0.34 | 0.33 | 91 | Emerging Markets Bonds, Investment Grade Bonds | ESIGX vs IGIEX |
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