Morningstar today ran an analysis of which funds have the best downside capture ratio during the current panic, which they date as 2/19 - 3/9/2020.
Best: Matthews Asia Growth & Income (MACSX), 69.5%
2. First Eagle Overseas (SGOVX), 70.7%
3. Matthews India (MINDX), 71.4%
4. FPA International Value (FPIVX), 71.6%
5. Matthews Asia Dividend (MAPIX), 74.1%
One almost would have suspected that being at the heart of the storm - i.e., Asia - would have sunk the Matthews folks. Nope.
Best US equity funds?
Royce Special Equity (RYSEX), 63.5%
Yacktman Focused (YAFFX), 69.7%
Yacktman (YACKX), 71.6%
First Eagle US Value (FEVAX), 77.0%
FMI Common Stock (FMMIX), 77.4%
Royce. Hmmm. A lot of cash in the portfolio and an averse to leveraged (i.e., debt ridden) companies helps. The others keep cropped up on our "best of" screens.