Looking to diversify beyond SHLMX? The mutual funds below have the lowest correlation with SHLMX — 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 SHLMX.
Best Diversifiers for SHLMX
1 mutual funds have low correlation with SHLMX (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 0.22, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.22 | 0.21 | 0.28 | 63 | Emerging Markets Bonds | SHLMX vs EDF | |
| DoubleLine Low Duration Emerging Markets Fixed Inc... | 0.40 | 0.39 | 0.40 | 98 | Emerging Markets Bonds | SHLMX vs DBLLX | |
| Virtus Stone Harbor Emerg Mkts Corp Dbt | 0.48 | 0.44 | 0.46 | 96 | Emerging Markets Bonds | SHLMX vs SHCDX | |
| DoubleLine Emerging Markets Fixed Income Fund | 0.49 | 0.45 | 0.48 | 90 | Emerging Markets Bonds | SHLMX vs DBLEX | |
| American Beacon Developing World Income Fund Class... | 0.50 | 0.41 | 0.43 | 98 | Emerging Markets Bonds | SHLMX vs AGEYX |
See all 18 diversifiers for SHLMX
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