Looking to diversify beyond FEMSX? The mutual funds below have historically moved differently from FEMSX, 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 FEMSX
2 mutual funds have low correlation with FEMSX (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 0.22, down from 0.61 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... | 0.22 | 0.51 | 0.61 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | FEMSX vs GSIYX | |
| The Cook & Bynum Fund | 0.27 | 0.38 | 0.47 | 70 | Emerging Markets Equities | FEMSX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.61 | 0.67 | 91 | Emerging Markets Equities | FEMSX vs ESCIX | |
| Pzena Emerging Markets Value Fund Institutional Cl... | 0.47 | 0.61 | 0.64 | 66 | Emerging Markets Equities | FEMSX vs PZIEX | |
| Pzena Emerging Markets Value Fund | 0.47 | 0.61 | 0.64 | 65 | Emerging Markets Equities | FEMSX vs PZVEX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FEMSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of 0.29, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | 0.29 | 0.32 | 0.35 | 93 | Technology |
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