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Fidelity SAI Emerging Markets Index Fund (FERGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 6, 2026

The fund normally invests at least 80% of assets in securities included in the MSCI Emerging Markets Index and in depositary receipts representing securities included in the index. The advisor uses statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, earnings growth, and country weightings to attempt to replicate the returns of the MSCI Emerging Markets Index. The advisor lends securities to earn income for the fund.

Looking to diversify beyond FERGX? The mutual funds below have the lowest correlation with FERGX — 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 FERGX.

Best Diversifiers for FERGX

0 mutual funds have low correlation with FERGX (below 0.3), 0 of which are negatively correlated. The least correlated is SA Emerging Markets Value Fund (SAEMX) (Emerging Markets Diversified) with a 1Y correlation of 0.49, down from 0.65 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SAEMX
SA Emerging Markets Value Fund0.490.610.65
91
Emerging Markets DiversifiedFERGX vs SAEMX
JOMMX
JOHCM Emerging Markets Small Mid Cap Equity Fund0.510.620.68
52
Emerging Markets DiversifiedFERGX vs JOMMX
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.510.640.69
85
Emerging Markets DiversifiedFERGX vs ESCIX
PZVEX
Pzena Emerging Markets Value Fund0.530.660.69
73
Emerging Markets DiversifiedFERGX vs PZVEX
BESIX
William Blair Emerging Markets Small Cap Growth Fu...0.540.560.60
68
Emerging Markets DiversifiedFERGX vs BESIX
See all 156 diversifiers for FERGX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FERGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FERGX and solid risk/return profiles. The least correlated is Ferguson plc (FERG) (Industrials) with a 1Y correlation of 0.40, roughly unchanged from 0.42 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
FERG
Ferguson plc0.400.370.42
50
Industrials

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Diversification Analysis

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