Looking to diversify beyond IASMX? The mutual funds below have historically moved differently from IASMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.01, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guinness Atkinson Global Energy Fund | 0.01 | 0.20 | 0.28 | 84 | Energy Equities | IASMX vs GAGEX | |
| DFA Japanese Small Company Portfolio | 0.43 | 0.42 | 0.45 | 69 | Japan Equities, Asia Pacific Equities | IASMX vs DFJSX | |
| Commonwealth Japan Fund | 0.45 | 0.42 | 0.46 | 63 | Japan Equities, Asia Pacific Equities | IASMX vs CNJFX | |
| Fidelity SAI Japan Stock Index Fund | 0.56 | 0.52 | 0.54 | 62 | Japan Equities, Asia Pacific Equities | IASMX vs FSJPX | |
| Morgan Stanley China A Share Fund | 0.56 | 0.55 | 0.62 | 78 | China Equities, Asia Pacific Equities | IASMX vs CAF |
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