Looking to diversify beyond MEGMX? The mutual funds below have the lowest correlation with MEGMX — 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 MEGMX.
Best Diversifiers for MEGMX
0 mutual funds have low correlation with MEGMX (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 0.48, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.48 | 0.62 | 0.68 | 87 | Emerging Markets Diversified | MEGMX vs ESCIX | |
| Matthews China Small Companies Fund | 0.60 | 0.66 | 0.68 | 91 | China Equities | MEGMX vs MCSMX | |
| Wasatch Emerging Markets Small Cap Fund | 0.63 | 0.62 | 0.67 | 63 | Emerging Markets Diversified | MEGMX vs WAEMX | |
| Delaware Emerging Markets Fund | 0.66 | 0.74 | 0.79 | 98 | Emerging Markets Diversified | MEGMX vs DEMIX | |
| Cullen Emerging Markets High Dividend Fund | 0.67 | 0.74 | 0.78 | 91 | Emerging Markets Diversified | MEGMX vs CEMFX |
See all 26 diversifiers for MEGMX
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