Looking to diversify beyond MCEMX? The mutual funds below have historically moved differently from MCEMX, 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 MCEMX
3 mutual funds have low correlation with MCEMX (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 0.18, down from 0.58 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... | 0.18 | 0.49 | 0.58 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | MCEMX vs GSIYX | |
| The Cook & Bynum Fund | 0.23 | 0.35 | 0.43 | 70 | Emerging Markets Equities | MCEMX vs COBYX | |
| Western Asset Ultra-Short Income Fund | 0.26 | 0.17 | 0.21 | 98 | Ultrashort Bond | MCEMX vs ARMGX | |
| ClearBridge Global Infrastructure Income Fund | 0.31 | 0.33 | 0.42 | 71 | Infrastructure Equities, Energy Equities | MCEMX vs RGSVX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.43 | 0.61 | 0.69 | 91 | Emerging Markets Equities | MCEMX vs ESCIX |
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