Looking to diversify beyond FEMZX? The mutual funds below have the lowest correlation with FEMZX — 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 FEMZX.
Best Diversifiers for FEMZX
1 mutual funds have low correlation with FEMZX (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 0.23, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.23 | 0.24 | 0.28 | 63 | Emerging Markets Bonds | FEMZX vs EDF | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.40 | 0.41 | 0.38 | 98 | Emerging Markets Bonds | FEMZX vs DBLLX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.45 | 0.43 | 0.44 | 96 | Emerging Markets Bonds | FEMZX vs SHCDX | |
| Franklin Income Fund Class A1 | 0.46 | 0.44 | 0.47 | 84 | Diversified Portfolio | FEMZX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.49 | 0.46 | 0.48 | 89 | Diversified Portfolio | FEMZX vs FRIAX |
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