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 0.43, 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 | 0.43 | 0.57 | 0.66 | 83 | Emerging Markets Diversified | JOEMX vs ESCIX | |
| WCM Focused International Value Fund | 0.60 | 0.63 | 0.66 | 60 | Foreign Large Cap Equities | JOEMX vs WLIVX | |
| Delaware Emerging Markets Fund | 0.74 | 0.74 | 0.79 | 95 | Emerging Markets Diversified | JOEMX vs DEMIX | |
| GMO Emerging Markets ex-China Fund | 0.74 | 0.71 | — | 93 | Emerging Markets Diversified | JOEMX vs GMAQX | |
| Franklin Templeton SMACS: Series EM | 0.74 | 0.72 | — | 94 | Emerging Markets Diversified | JOEMX vs FQEMX |
See all 22 diversifiers for JOEMX
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