Looking to diversify beyond JOEMX? The mutual funds below have the lowest correlation with JOEMX — 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 JOEMX.
Best Diversifiers for JOEMX
0 mutual funds have low correlation with JOEMX (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 0.46, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.46 | 0.59 | 0.66 | 87 | Emerging Markets Diversified | JOEMX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.57 | 0.53 | 0.60 | 69 | Emerging Markets Diversified | JOEMX vs WAEMX | |
| WCM Focused International Value Fund | 0.58 | 0.62 | 0.66 | 64 | Foreign Large Cap Equities | JOEMX vs WLIVX | |
| JOHCM Emerging Markets Small Mid Cap Equity Fund | 0.66 | 0.70 | 0.76 | 52 | Emerging Markets Diversified | JOEMX vs JOMMX | |
| Driehaus Emerging Markets Small Cap Growth Fund | 0.67 | 0.62 | 0.68 | 77 | Emerging Markets Diversified | JOEMX vs DRESX |
See all 26 diversifiers for JOEMX
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