Looking to diversify beyond PEMIX? The mutual funds below have the lowest correlation with PEMIX — 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 PEMIX.
Best Diversifiers for PEMIX
1 mutual funds have low correlation with PEMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.25 | 0.22 | 0.26 | 63 | Emerging Markets Bonds | PEMIX vs EDF | |
| PIMCO RAE US Small Fund | 0.30 | 0.25 | 0.20 | 72 | Small Cap Value Equities | PEMIX vs PMJIX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.44 | 0.33 | 0.39 | 98 | Emerging Markets Bonds | PEMIX vs EELDX | |
| Artisan Emerging Markets Debt Opportunities Fund | 0.45 | 0.38 | 0.39 | 97 | Emerging Markets Bonds | PEMIX vs APFOX | |
| Eaton Vance Emerging Markets Debt Opportunities Fu... | 0.47 | 0.33 | 0.38 | 98 | Emerging Markets Bonds | PEMIX vs EIDOX |
See all 18 diversifiers for PEMIX
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