Looking to diversify beyond FAMKX? The mutual funds below have the lowest correlation with FAMKX — 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 FAMKX.
Best Diversifiers for FAMKX
0 mutual funds have low correlation with FAMKX (below 0.3), 0 of which are negatively correlated. The least correlated is Pzena Emerging Markets Value Fund Institutional Class (PZIEX) (Emerging Markets Equities) with a 1Y correlation of 0.54, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.54 | 0.66 | 0.67 | 56 | Emerging Markets Equities | FAMKX vs PZIEX | |
| William Blair Emerging Markets ex China Growth Fun... | 0.63 | 0.59 | — | 96 | Emerging Markets Equities | FAMKX vs WXCIX | |
| Seafarer Overseas Value Fund Institutional Class | 0.67 | 0.72 | 0.73 | 54 | Emerging Markets Equities | FAMKX vs SIVLX | |
| Nomura Emerging Markets Fund Class A | 0.67 | 0.74 | 0.81 | 98 | Emerging Markets Equities | FAMKX vs DEMAX | |
| Nomura Emerging Markets Fund Class C | 0.67 | 0.74 | 0.81 | 98 | Emerging Markets Equities | FAMKX vs DEMCX |
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