Looking to diversify beyond FHKTX? The mutual funds below have the lowest correlation with FHKTX — 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 FHKTX.
Best Diversifiers for FHKTX
0 mutual funds have low correlation with FHKTX (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 | 85 | China Equities | FHKTX vs CAF | |
| Matthews China Small Companies Fund | 0.61 | 0.71 | 0.76 | 94 | China Equities | FHKTX vs MCSMX | |
| BlackRock China A Opportunities Fund | 0.65 | 0.64 | 0.68 | 78 | China Equities | FHKTX vs CHILX | |
| Fidelity 500 Index Fund | 0.67 | 0.58 | 0.55 | 52 | S&P 500 | FHKTX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.67 | 0.59 | 0.57 | 52 | Large Cap Blend Equities | FHKTX vs FSKAX |
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