Looking to diversify beyond FEMZX? The mutual funds below have historically moved differently from FEMZX, 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 FEMZX
0 mutual funds have low correlation with FEMZX (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 0.41, roughly unchanged from 0.47 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 | 0.41 | 0.42 | 0.47 | 87 | Diversified Portfolio | FEMZX vs FKINX | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.42 | 0.42 | 0.39 | 98 | Emerging Markets Bonds | FEMZX vs DBLLX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.45 | 0.42 | 0.46 | 57 | Emerging Markets Bonds | FEMZX vs EDD | |
| Franklin Income Fund Advisor Class | 0.45 | 0.44 | 0.48 | 93 | Diversified Portfolio | FEMZX vs FRIAX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.46 | 0.43 | 0.45 | 94 | Emerging Markets Bonds | FEMZX vs SHCDX |
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