Looking to diversify beyond PZVEX? The mutual funds below have the lowest correlation with PZVEX — 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 PZVEX.
Best Diversifiers for PZVEX
0 mutual funds have low correlation with PZVEX (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 0.37, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 0.37 | 0.51 | 0.58 | 87 | Emerging Markets Diversified | PZVEX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.38 | 0.38 | 0.48 | 62 | Emerging Markets Diversified | PZVEX vs WAEMX | |
| PGIM Jennison Emerging Markets Equity Opportunitie... | 0.47 | 0.51 | 0.53 | 56 | Emerging Markets Diversified | PZVEX vs PDEZX | |
| Franklin Templeton SMACS: Series EM | 0.51 | 0.56 | — | 98 | Emerging Markets Diversified | PZVEX vs FQEMX | |
| Fidelity SAI Emerging Markets Index Fund | 0.51 | 0.65 | 0.68 | 85 | Emerging Markets Diversified | PZVEX vs FERGX |
See all 26 diversifiers for PZVEX
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