Looking to diversify beyond FEMDX? The mutual funds below have historically moved differently from FEMDX, 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 FEMDX
0 mutual funds have low correlation with FEMDX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.38, roughly unchanged from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.38 | 0.42 | 0.43 | 87 | Diversified Portfolio | FEMDX vs FKINX | |
| Ashmore Emerging Markets Corporate Income Fund | 0.44 | 0.45 | 0.53 | 50 | Emerging Markets Bonds | FEMDX vs EMCIX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.46 | 0.37 | 0.40 | 57 | Emerging Markets Bonds | FEMDX vs EDD | |
| Franklin Income Fund Advisor Class | 0.46 | 0.42 | 0.43 | 93 | Diversified Portfolio | FEMDX vs FRIAX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.46 | 0.50 | 0.50 | 98 | Emerging Markets Bonds | FEMDX vs DBLLX |
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