Looking to diversify beyond ICHKX? The mutual funds below have historically moved differently from ICHKX, 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 ICHKX
1 mutual funds have low correlation with ICHKX (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 0.08, down from 0.26 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 | 0.08 | 0.20 | 0.26 | 84 | Energy Equities | ICHKX vs GAGEX | |
| Vanguard Pacific Stock Index Fund Institutional Sh... | 0.40 | 0.41 | 0.46 | 72 | Asia Pacific Equities | ICHKX vs VPKIX | |
| Vanguard Pacific Stock Index Fund Admiral Shares | 0.41 | 0.41 | 0.46 | 73 | Asia Pacific Equities | ICHKX vs VPADX | |
| Matthews Asia Innovators Fund | 0.47 | 0.56 | 0.66 | 71 | Asia Pacific Equities | ICHKX vs MATFX | |
| Morgan Stanley China A Share Fund | 0.51 | 0.60 | 0.67 | 78 | China Equities, Asia Pacific Equities | ICHKX vs CAF |
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