Looking to diversify beyond FCHKX? The mutual funds below have the lowest correlation with FCHKX — 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 FCHKX.
Best Diversifiers for FCHKX
0 mutual funds have low correlation with FCHKX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley China A Share Fund (CAF) (China Equities) with a 1Y correlation of 0.58, roughly unchanged from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley China A Share Fund | 0.58 | 0.61 | 0.67 | 89 | China Equities | FCHKX vs CAF | |
| Matthews China Small Companies Fund | 0.61 | 0.71 | 0.76 | 94 | China Equities | FCHKX vs MCSMX | |
| BlackRock China A Opportunities Fund | 0.65 | 0.64 | 0.68 | 81 | China Equities | FCHKX vs CHILX | |
| Fidelity 500 Index Fund | 0.67 | 0.58 | 0.55 | 66 | S&P 500 | FCHKX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.67 | 0.58 | 0.56 | 63 | Large Cap Blend Equities | FCHKX vs FNILX |
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