Looking to diversify beyond AHIFX? The mutual funds below have the lowest correlation with AHIFX — 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 AHIFX.
Best Diversifiers for AHIFX
3 mutual funds have low correlation with AHIFX (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 0.04, 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 | 0.04 | 0.08 | 0.10 | 100 | High Yield Bonds | AHIFX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.13 | 0.13 | 0.09 | 100 | High Yield Bonds | AHIFX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.18 | 0.17 | 0.26 | 99 | High Yield Bonds | AHIFX vs RPHIX | |
| RiverPark Strategic Income Fund | 0.38 | 0.35 | 0.41 | 65 | High Yield Bonds | AHIFX vs RSIIX | |
| T. Rowe Price Floating Rate Fund | 0.42 | 0.44 | 0.52 | 95 | High Yield Bonds | AHIFX vs PRFRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AHIFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AHIFX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.17, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.17 | 0.21 | 0.31 | 80 | Technology | |
| Tesla, Inc. | 0.35 | 0.31 | 0.32 | 58 | Consumer Cyclical | |
| Joby Aviation, Inc. | 0.37 | 0.34 | 0.33 | 59 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.40 | 0.32 | 0.34 | 95 | Technology |
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