Looking to diversify beyond MCEMX? The mutual funds below have the lowest correlation with MCEMX — 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 MCEMX.
Best Diversifiers for MCEMX
1 mutual funds have low correlation with MCEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Western Asset Ultra-Short Income Fund (ARMGX) (Ultrashort Bond) with a 1Y correlation of 0.20, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Western Asset Ultra-Short Income Fund | 0.20 | 0.16 | 0.20 | 98 | Ultrashort Bond | MCEMX vs ARMGX | |
| ClearBridge Global Infrastructure Income Fund | 0.33 | 0.36 | 0.43 | 54 | Energy Equities | MCEMX vs RGSVX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.48 | 0.64 | 0.70 | 87 | Emerging Markets Diversified | MCEMX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.66 | 0.75 | 0.79 | 92 | Emerging Markets Diversified | MCEMX vs EMPTX | |
| Wasatch Emerging Markets Small Cap Fund | 0.67 | 0.66 | 0.70 | 62 | Emerging Markets Diversified | MCEMX vs WAEMX |
See all 24 diversifiers for MCEMX
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