Looking to diversify beyond MEMAX? The mutual funds below have the lowest correlation with MEMAX — 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 MEMAX.
Best Diversifiers for MEMAX
0 mutual funds have low correlation with MEMAX (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 0.54, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.54 | 0.65 | 0.70 | 86 | Emerging Markets Diversified | MEMAX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.61 | 0.58 | 0.64 | 61 | Emerging Markets Diversified | MEMAX vs WAEMX | |
| Delaware Emerging Markets Fund | 0.71 | 0.78 | 0.85 | 98 | Emerging Markets Diversified | MEMAX vs DEMIX | |
| PGIM Jennison Emerging Markets Equity Opportunitie... | 0.75 | 0.75 | 0.76 | 58 | Emerging Markets Diversified | MEMAX vs PDEZX | |
| Voya Multi-Manager Emerging Markets Equity Fund | 0.76 | 0.82 | 0.86 | 95 | Emerging Markets Diversified | MEMAX vs IEMGX |
See all 22 diversifiers for MEMAX
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