Looking to diversify beyond JOEMX? The mutual funds below have historically moved differently from JOEMX, 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 JOEMX
2 mutual funds have low correlation with JOEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.15, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.15 | 0.39 | 0.53 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | JOEMX vs GSIYX | |
| The Cook & Bynum Fund | 0.24 | 0.36 | 0.44 | 70 | Emerging Markets Equities | JOEMX vs COBYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.41 | 0.56 | 0.65 | 91 | Emerging Markets Equities | JOEMX vs ESCIX | |
| JOHCM International Opportunities Fund | 0.54 | 0.55 | 0.59 | 67 | Foreign Large Cap Equities | JOEMX vs JOPSX | |
| WCM Focused International Value Fund | 0.63 | 0.64 | 0.67 | 54 | Foreign Large Cap Equities | JOEMX vs WLIVX |
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