Looking to diversify beyond MCSMX? The mutual funds below have historically moved differently from MCSMX, 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 MCSMX
0 mutual funds have low correlation with MCSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Matthews Japan Fund (MJFOX) (Japan Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Matthews Japan Fund | 0.44 | 0.39 | 0.41 | 51 | Japan Equities, Asia Pacific Equities | MCSMX vs MJFOX | |
| Vanguard Pacific Stock Index Fund Institutional Sh... | 0.50 | 0.48 | 0.51 | 72 | Asia Pacific Equities | MCSMX vs VPKIX | |
| Vanguard Pacific Stock Index Fund Admiral Shares | 0.50 | 0.48 | 0.51 | 73 | Asia Pacific Equities | MCSMX vs VPADX | |
| Invesco EQV Asia Pacific Equity Fund | 0.55 | 0.63 | 0.68 | 66 | Asia Pacific Equities | MCSMX vs ASIAX | |
| Morgan Stanley China A Share Fund | 0.55 | 0.60 | 0.65 | 78 | China Equities, Asia Pacific Equities | MCSMX vs CAF |
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