Looking to diversify beyond MCSMX? The mutual funds below have the lowest correlation with MCSMX — 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 MCSMX.
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 Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX) (Asia Pacific Equities) with a 1Y correlation of 0.43, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Pacific Stock Index Fund Institutional Sh... | 0.43 | 0.47 | 0.51 | 77 | Asia Pacific Equities | MCSMX vs VPKIX | |
| Vanguard Pacific Stock Index Fund Admiral Shares | 0.44 | 0.47 | 0.51 | 77 | Asia Pacific Equities | MCSMX vs VPADX | |
| Morgan Stanley China A Share Fund | 0.52 | 0.60 | 0.65 | 92 | China Equities, Asia Pacific Equities | MCSMX vs CAF | |
| Fidelity Pacific Basin Fund | 0.52 | 0.61 | 0.66 | 82 | Asia Pacific Equities | MCSMX vs FPBFX | |
| Invesco EQV Asia Pacific Equity Fund | 0.53 | 0.63 | 0.69 | 63 | Asia Pacific Equities | MCSMX vs ASIAX |
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