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Morgan Stanley Institutional Fund, Inc. Emerging Markets Portfolio (MGEMX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund seeks to maximize returns by investing primarily in growth-oriented equity securities in emerging markets. Under normal circumstances, at least 80% of the fund's assets will be invested in equity securities of issuers located in emerging market countries. It may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The fund's use of derivatives may involve the purchase and sale of derivative instruments such as futures and other related instruments and techniques.

Looking to diversify beyond MGEMX? The mutual funds below have the lowest correlation with MGEMX — 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 MGEMX.

Best Diversifiers for MGEMX

0 mutual funds have low correlation with MGEMX (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 0.71 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.480.650.71
87
Emerging Markets DiversifiedMGEMX vs ESCIX
PRDGX
T. Rowe Price Dividend Growth Fund, Inc.0.490.530.59
52
Large Cap Blend Equities, DividendMGEMX vs PRDGX
EMPTX
UBS Emerging Markets Equity Opportunity Fund0.640.740.78
92
Emerging Markets DiversifiedMGEMX vs EMPTX
CEMFX
Cullen Emerging Markets High Dividend Fund0.680.770.80
89
Emerging Markets DiversifiedMGEMX vs CEMFX
PRCOX
T. Rowe Price U.S. Equity Research Fund0.690.660.68
64
Large Cap Blend EquitiesMGEMX vs PRCOX
See all 29 diversifiers for MGEMX

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