Emerging Markets Correlations

Mutual Funds . USA . 
Fund . Emerging Markets Equity
GEMYX Fund  USD 11.01  0.04  0.36%   
The current 90-days correlation between Emerging Markets Equity and Qs Global Equity is 0.79 (i.e., Poor diversification). The correlation of Emerging Markets is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Emerging Markets Correlation With Market

Poor diversification

The correlation between Emerging Markets Equity and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emerging Markets Equity and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Emerging Markets Equity. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Emerging Mutual Fund

  0.99GCOZX Growth AllocationPairCorr
  0.97GDMYX Defensive Market StrPairCorr
  0.98GDMZX Defensive Market StrPairCorr
  0.94GVEYX Value Equity InstituPairCorr
  0.94GVEZX Value Equity InvestorPairCorr
  0.95GVIYX Guidestone Value EquityPairCorr
  0.95GVIZX Guidestone Value EquityPairCorr
  0.98GEIYX Guidestone Growth EquityPairCorr
  0.98GEIZX Guidestone Growth EquityPairCorr
  1.0GEMZX Emerging Markets EquityPairCorr
  0.98GEQYX Equity Index InstituPairCorr
  0.98GEQZX Equity Index InvestorPairCorr
  0.97GFIZX Conservative AllocationPairCorr
  0.99GGBZX Aggressive AllocationPairCorr
  0.87GGBEX Global Bond FundPairCorr
  0.88GGBFX Global Bond FundPairCorr
  0.98GGEYX Guidestone Fds GrowthPairCorr
  0.97GGEZX Growth Equity InvestorPairCorr
  0.99GGIZX Balanced AllocationPairCorr
  0.99GGRYX Growth AllocationPairCorr
  0.96GIEYX International EquityPairCorr
  0.96GIEZX International EquityPairCorr
  0.96GIIYX International EquityPairCorr
  0.88GLDYX Low Duration BondPairCorr
  0.87GLDZX Low Duration BondPairCorr
  0.99GMFZX Mydestination 2045PairCorr
  0.98GMEYX Guidestone Funds ImpactPairCorr
  0.98GMEZX Guidestone Funds ImpactPairCorr
  0.99GMHYX Mydestination 2035PairCorr
  0.99GMHZX Mydestination 2035PairCorr
  0.99GMGYX Mydestination 2055PairCorr
  0.99GMGZX Mydestination 2055PairCorr
  0.97GMTYX Mydestination 2015PairCorr
  0.97GMTZX Mydestination 2015PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Emerging Mutual Fund performing well and Emerging Markets Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Emerging Markets' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY