Looking to diversify beyond MXE? The mutual funds below have historically moved differently from MXE, 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 MXE
0 mutual funds have low correlation with MXE (below 0.3), 0 of which are negatively correlated. The least correlated is DWS Latin America Equity Fund Class A (SLANX) (Latin America Equities) with a 1Y correlation of 0.48, roughly unchanged from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DWS Latin America Equity Fund Class A | 0.48 | 0.56 | 0.57 | 63 | Latin America Equities | MXE vs SLANX | |
| DWS Latin America Equity Fund | 0.48 | 0.56 | 0.57 | 62 | Latin America Equities | MXE vs SLAFX | |
| T. Rowe Price Latin America Fund | 0.49 | 0.57 | 0.57 | 59 | Latin America Equities | MXE vs PRLAX | |
| The Mexico Fund | 0.55 | 0.71 | 0.74 | 53 | Latin America Equities | MXE vs MXF |
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