Looking to diversify beyond FHKIX? The mutual funds below have the lowest correlation with FHKIX — 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 FHKIX.
Best Diversifiers for FHKIX
0 mutual funds have low correlation with FHKIX (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 0.57, 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 | 0.57 | 0.60 | 0.67 | 89 | China Equities, Asia Pacific Equities | FHKIX vs CAF | |
| Matthews China Small Companies Fund | 0.63 | 0.71 | 0.77 | 87 | China Equities, Asia Pacific Equities | FHKIX vs MCSMX | |
| BlackRock China A Opportunities Fund | 0.66 | 0.63 | 0.68 | 64 | China Equities, Asia Pacific Equities | FHKIX vs CHILX | |
| Fidelity 500 Index Fund | 0.68 | 0.59 | 0.56 | 63 | S&P 500 | FHKIX vs FXAIX | |
| T. Rowe Price China Evolution Equity Fund | 0.68 | 0.74 | 0.79 | 92 | China Equities, Asia Pacific Equities | FHKIX vs TRCLX |
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