Looking to diversify beyond FEMDX? The mutual funds below have the lowest correlation with FEMDX — 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 FEMDX.
Best Diversifiers for FEMDX
1 mutual funds have low correlation with FEMDX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.27, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.27 | 0.26 | 0.30 | 56 | Emerging Markets Bonds | FEMDX vs EDF | |
| Franklin Income Fund Class A1 | 0.40 | 0.42 | 0.44 | 82 | Diversified Portfolio | FEMDX vs FKINX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.46 | 0.47 | 0.50 | 98 | Emerging Markets Bonds | FEMDX vs DBLLX | |
| Ashmore Emerging Markets Corporate Income Fund | 0.46 | 0.46 | 0.53 | 58 | Emerging Markets Bonds | FEMDX vs EMCIX | |
| Goldman Sachs Local Emerging Markets Debt Fund | 0.47 | 0.46 | 0.51 | 81 | Emerging Markets Bonds | FEMDX vs GIMDX |
See all 58 diversifiers for FEMDX
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