Looking to diversify beyond HLMEX? The mutual funds below have the lowest correlation with HLMEX — 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 HLMEX.
Best Diversifiers for HLMEX
0 mutual funds have low correlation with HLMEX (below 0.3), 0 of which are negatively correlated. The least correlated is Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) (Emerging Markets Diversified) with a 1Y correlation of 0.55, down from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.55 | 0.70 | 0.74 | 86 | Emerging Markets Diversified | HLMEX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.67 | 0.76 | 0.80 | 94 | Emerging Markets Diversified | HLMEX vs EMPTX | |
| Delaware Emerging Markets Fund | 0.69 | 0.76 | 0.82 | 98 | Emerging Markets Diversified | HLMEX vs DEMIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.71 | 0.66 | 0.71 | 61 | Emerging Markets Diversified | HLMEX vs WAEMX | |
| Cullen Emerging Markets High Dividend Fund | 0.72 | 0.77 | 0.80 | 92 | Emerging Markets Diversified | HLMEX vs CEMFX |
See all 24 diversifiers for HLMEX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HLMEX
Add HLMEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HLMEX