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Morgan Stanley Institutional Fund, Inc. Asia Opportunity Portfolio (MSAQX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 15, 2026

The investment seeks long-term capital appreciation. Under normal market conditions, the fund's investment objective by investing primarily in equity securities of issuers located in Asia, excluding Japan. In selecting securities for investment, the Adviser seeks high quality established and emerging companies that the Adviser believes are undervalued at the time of purchase. For purposes of maintaining exposure of at least 80% of the fund's assets to equity securities of issuers located in Asia, the fund may also invest in ADRs, GDRs and other types of depositary receipts with respect to issuers located in Asia.

Looking to diversify beyond MSAQX? The mutual funds below have the lowest correlation with MSAQX — 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 MSAQX.

Best Diversifiers for MSAQX

1 mutual funds have low correlation with MSAQX (below 0.3), 0 of which are negatively correlated. The least correlated is Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) (Ultrashort Bond) with a 1Y correlation of 0.13, roughly unchanged from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MUIIX
Morgan Stanley Institutional Fund Trust Ultra-Shor...0.130.030.05
100
Ultrashort BondMSAQX vs MUIIX
DFJSX
DFA Japanese Small Company Portfolio0.420.390.41
55
Japan Equities, Asia Pacific EquitiesMSAQX vs DFJSX
MCSMX
Matthews China Small Companies Fund0.540.680.72
82
China Equities, Asia Pacific EquitiesMSAQX vs MCSMX
CHILX
BlackRock China A Opportunities Fund0.570.590.62
61
China Equities, Asia Pacific EquitiesMSAQX vs CHILX
FSJPX
Fidelity SAI Japan Stock Index Fund0.580.500.51
53
Japan Equities, Asia Pacific EquitiesMSAQX vs FSJPX
See all 23 diversifiers for MSAQX

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Diversification Analysis

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