Looking to diversify beyond HIEMX? The mutual funds below have the lowest correlation with HIEMX — 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 HIEMX.
Best Diversifiers for HIEMX
1 mutual funds have low correlation with HIEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.22, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.22 | 0.24 | 0.30 | 97 | Bank Loan | HIEMX vs SAMBX | |
| The Merger Fund | 0.31 | 0.21 | 0.23 | 97 | Event Driven | HIEMX vs MERFX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.42 | 0.59 | 0.65 | 87 | Emerging Markets Diversified | HIEMX vs ESCIX | |
| Virtus Artificial Intelligence & Technology Opport... | 0.52 | 0.43 | 0.47 | 56 | Technology Equities | HIEMX vs AIO | |
| Wasatch Emerging Markets Small Cap Fund | 0.53 | 0.55 | 0.63 | 62 | Emerging Markets Diversified | HIEMX vs WAEMX |
See all 28 diversifiers for HIEMX
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