Looking to diversify beyond UMEMX? The mutual funds below have the lowest correlation with UMEMX — 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 UMEMX.
Best Diversifiers for UMEMX
0 mutual funds have low correlation with UMEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Dividend Income Fund Institutional 3 Class (CDDYX) (Large Cap Value Equities) with a 1Y correlation of 0.40, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.40 | 0.46 | 0.50 | 79 | Large Cap Value Equities, Dividend | UMEMX vs CDDYX | |
| Columbia Dividend Income Fund Class A | 0.40 | 0.46 | 0.50 | 77 | Large Cap Value Equities | UMEMX vs LBSAX | |
| Columbia Dividend Income Fund | 0.41 | 0.47 | 0.50 | 79 | Large Cap Value Equities | UMEMX vs GSFTX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.48 | 0.66 | 0.71 | 87 | Emerging Markets Diversified | UMEMX vs ESCIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.65 | 0.74 | 0.78 | 92 | Emerging Markets Diversified | UMEMX vs EMPTX |
See all 34 diversifiers for UMEMX
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