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 Morgan Stanley China A Share Fund (CAF) (China Equities) with a 1Y correlation of 0.50, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Morgan Stanley China A Share Fund | 0.50 | 0.60 | 0.65 | 89 | China Equities | MCSMX vs CAF | |
| Matthews Asia ESG Fund | 0.59 | 0.70 | 0.74 | 90 | Asia Pacific Equities | MCSMX vs MASGX | |
| Matthews Emerging Markets Equity Fund | 0.59 | 0.65 | 0.67 | 87 | Emerging Markets Diversified | MCSMX vs MEGMX | |
| Fidelity Advisor China Region Fund Class I | 0.61 | 0.72 | 0.76 | 94 | China Equities | MCSMX vs FHKIX | |
| Fidelity Advisor China Region Fund Class M | 0.61 | 0.71 | 0.76 | 94 | China Equities | MCSMX vs FHKTX |
See all 14 diversifiers for MCSMX
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