Looking to diversify beyond MJFOX? The mutual funds below have historically moved differently from MJFOX, 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 MJFOX
0 mutual funds have low correlation with MJFOX (below 0.3), 0 of which are negatively correlated. The least correlated is Matthews Asia Innovators Fund (MATFX) (Asia Pacific Equities) with a 1Y correlation of 0.59, roughly unchanged from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Matthews Asia Innovators Fund | 0.59 | 0.55 | 0.54 | 71 | Asia Pacific Equities | MJFOX vs MATFX | |
| Matthews Asia ESG Fund | 0.62 | 0.57 | 0.56 | 66 | Asia Pacific Equities | MJFOX vs MASGX | |
| Matthews Pacific Tiger Fund | 0.64 | 0.55 | 0.56 | 56 | Asia Pacific Equities | MJFOX vs MAPTX | |
| Matthews Emerging Markets Equity Fund | 0.64 | 0.58 | 0.61 | 56 | Emerging Markets Equities | MJFOX vs MEGMX | |
| Commonwealth Japan Fund | 0.71 | 0.73 | 0.80 | 63 | Japan Equities, Asia Pacific Equities | MJFOX vs CNJFX |
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