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Schwab Fundamental Emerging Markets Large Company Index Fund (SFENX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

To pursue its goal, the fund primarily invests in stocks that are included in the Russell RAFI Emerging Markets Large Company Index (the index). The index measures the performance of the large company size segment by fundamental overall company scores (scores), which are created using as the universe the emerging markets companies in the FTSE Global Total Cap Index (the parent index).

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

Best Diversifiers for SFENX

2 mutual funds have low correlation with SFENX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.01, down from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VTAPX
Vanguard Short-Term Inflation-Protected Securities...0.010.110.13
94
Inflation-Protected BondsSFENX vs VTAPX
VCMDX
Vanguard Commodity Strategy Fund Admiral Shares0.210.370.36
70
CommoditiesSFENX vs VCMDX
EAPCX
Parametric Commodity Strategy Fund Class A0.310.430.41
89
CommoditiesSFENX vs EAPCX
RBESX
RBC BlueBay Emerging Market Debt Fund0.410.330.37
91
Emerging Markets BondsSFENX vs RBESX
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.500.600.64
86
Emerging Markets DiversifiedSFENX vs ESCIX
See all 44 diversifiers for SFENX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SFENX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SFENX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.31, roughly unchanged from 0.37 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.310.310.37
89
Technology

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