Looking to diversify beyond IASMX? The mutual funds below have the lowest correlation with IASMX — 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 IASMX.
Best Diversifiers for IASMX
1 mutual funds have low correlation with IASMX (below 0.3), 0 of which are negatively correlated. The least correlated is Guinness Atkinson Global Energy Fund (GAGEX) (Energy Equities) with a 1Y correlation of 0.03, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guinness Atkinson Global Energy Fund | 0.03 | 0.21 | 0.29 | 57 | Energy Equities | IASMX vs GAGEX | |
| DFA Japanese Small Company Portfolio | 0.38 | 0.41 | 0.44 | 60 | Japan Equities, Asia Pacific Equities | IASMX vs DFJSX | |
| Fidelity SAI Japan Stock Index Fund | 0.52 | 0.51 | 0.53 | 53 | Japan Equities, Asia Pacific Equities | IASMX vs FSJPX | |
| Morgan Stanley China A Share Fund | 0.54 | 0.55 | 0.62 | 92 | China Equities, Asia Pacific Equities | IASMX vs CAF | |
| Matthews China Small Companies Fund | 0.58 | 0.70 | 0.75 | 90 | China Equities, Asia Pacific Equities | IASMX vs MCSMX |
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