Looking to diversify beyond MCHFX? The mutual funds below have historically moved differently from MCHFX, 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 MCHFX
1 mutual funds have low correlation with MCHFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Canada Fund (FICDX) (Foreign Large Cap Equities) with a 1Y correlation of 0.27, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Canada Fund | 0.27 | 0.34 | 0.38 | 56 | Foreign Large Cap Equities | MCHFX vs FICDX | |
| Matthews Asia ESG Fund | 0.67 | 0.71 | 0.75 | 68 | Asia Pacific Equities | MCHFX vs MASGX | |
| Morgan Stanley China A Share Fund | 0.68 | 0.69 | 0.73 | 73 | China Equities, Asia Pacific Equities | MCHFX vs CAF | |
| Matthews Asia Innovators Fund | 0.71 | 0.72 | 0.80 | 69 | Asia Pacific Equities | MCHFX vs MATFX | |
| Matthews Emerging Markets Equity Fund | 0.72 | 0.73 | 0.73 | 60 | Emerging Markets Equities | MCHFX vs MEGMX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MCHFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.16 | 0.01 | 0.05 | 87 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.14 | 0.09 | 0.17 | 68 | Energy | |
| Monster Beverage Corporation | 0.08 | 0.12 | 0.15 | 92 | Consumer Defensive | |
| Coca-Cola FEMSA, S.A.B. de C.V. | 0.11 | 0.20 | 0.21 | 79 | Consumer Defensive | |
| American Express Company | 0.17 | 0.17 | 0.23 | 63 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MCHFX
Add MCHFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MCHFX