Looking to diversify beyond AHIDX? The mutual funds below have the lowest correlation with AHIDX — 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 AHIDX.
Best Diversifiers for AHIDX
3 mutual funds have low correlation with AHIDX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.02 | 0.08 | 0.10 | 100 | High Yield Bonds | AHIDX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.06 | 0.08 | 0.07 | 100 | High Yield Bonds | AHIDX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.16 | 0.17 | 0.25 | 100 | High Yield Bonds | AHIDX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 0.41 | 0.45 | 0.52 | 96 | High Yield Bonds | AHIDX vs PRFRX | |
| American Century California High Yield Municipal F... | 0.44 | 0.51 | 0.47 | 67 | Municipal Bonds | AHIDX vs BCHYX |
See all 22 diversifiers for AHIDX
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