Looking to diversify beyond MCHFX? The mutual funds below have the lowest correlation with MCHFX — 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 MCHFX.
Best Diversifiers for MCHFX
0 mutual funds have low correlation with MCHFX (below 0.3), 0 of which are negatively correlated. The least correlated is Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) (Large Cap Growth Equities) with a 1Y correlation of 0.45, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.45 | 0.37 | 0.40 | 75 | Large Cap Growth Equities | MCHFX vs NASDX | |
| Matthews Asia ESG Fund | 0.61 | 0.70 | 0.74 | 91 | Asia Pacific Equities | MCHFX vs MASGX | |
| Morgan Stanley China A Share Fund | 0.66 | 0.70 | 0.73 | 83 | China Equities | MCHFX vs CAF | |
| Matthews Asia Innovators Fund | 0.68 | 0.72 | 0.80 | 97 | Asia Pacific Equities | MCHFX vs MATFX | |
| Matthews Emerging Markets Equity Fund | 0.69 | 0.73 | 0.73 | 90 | Emerging Markets Diversified | MCHFX vs MEGMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MCHFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MCHFX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.05 | 0.07 | 0.08 | 66 | Consumer Defensive | |
| Monster Beverage Corporation | 0.11 | 0.14 | 0.16 | 79 | Consumer Defensive | |
| Coca-Cola FEMSA, S.A.B. de C.V. | 0.11 | 0.22 | 0.21 | 56 | Consumer Defensive | |
| Mitsubishi Corp | 0.15 | 0.17 | 0.14 | 86 | Industrials | |
| Mitsui & Company Ltd | 0.17 | 0.21 | 0.20 | 80 | Industrials |
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