Looking to diversify beyond UMEMX? The mutual funds below have historically moved differently from UMEMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for UMEMX
2 mutual funds have low correlation with UMEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.17, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.17 | 0.49 | 0.58 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | UMEMX vs GSIYX | |
| The Cook & Bynum Fund | 0.22 | 0.37 | 0.44 | 66 | Emerging Markets Equities | UMEMX vs COBYX | |
| Columbia Dividend Income Fund Institutional 3 Clas... | 0.36 | 0.44 | 0.49 | 90 | Large Cap Value Equities, Dividend | UMEMX vs CDDYX | |
| Columbia Dividend Income Fund Class A | 0.36 | 0.44 | 0.49 | 89 | Large Cap Value Equities | UMEMX vs LBSAX | |
| Columbia Dividend Income Fund | 0.36 | 0.44 | 0.49 | 90 | Large Cap Value Equities | UMEMX vs GSFTX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements UMEMX
Add UMEMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with UMEMX