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William Blair Emerging Markets Leaders Fund (WBELX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in emerging markets securities. It invests primarily in a diversified portfolio of equity securities, including common stocks and other forms of equity investments (e.g., securities convertible into common stocks), issued by emerging market companies of all sizes, that the Adviser believes have above-average growth, profitability and quality characteristics. Under normal market conditions, the fund typically holds a limited number of securities (i.e., 50-80 securities).

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

Best Diversifiers for WBELX

0 mutual funds have low correlation with WBELX (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 0.50, down from 0.70 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
ESCIX
Ashmore Emerging Markets Small Cap Equity Fund0.500.640.70
85
Emerging Markets DiversifiedWBELX vs ESCIX
WAEMX
Wasatch Emerging Markets Small Cap Fund0.580.600.67
61
Emerging Markets DiversifiedWBELX vs WAEMX
DRESX
Driehaus Emerging Markets Small Cap Growth Fund0.680.660.71
78
Emerging Markets DiversifiedWBELX vs DRESX
EITEX
Parametric Tax-Managed Emerging Markets Fund0.700.750.78
74
Emerging Markets DiversifiedWBELX vs EITEX
IEMGX
Voya Multi-Manager Emerging Markets Equity Fund0.700.760.81
95
Emerging Markets DiversifiedWBELX vs IEMGX
See all 25 diversifiers for WBELX

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