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American Funds American High-Income Trust (AHITX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests primarily in higher yielding and generally lower quality debt securities (rated Ba1 / BB+ or below by Nationally Recognized Statistical Rating Organizations or unrated but determined by the fund's investment adviser to be of equivalent quality), including corporate loan obligations. It may also invest a portion of its assets in securities of issuers domiciled outside the United States.

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

Best Diversifiers for AHITX

3 mutual funds have low correlation with AHITX (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 0.08, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCLFX
Cliffwater Corporate Lending Fund0.080.090.10
100
High Yield BondsAHITX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.150.120.09
100
High Yield BondsAHITX vs XILSX
RPHIX
RiverPark Short Term High Yield Fund0.190.180.26
99
High Yield BondsAHITX vs RPHIX
TEPAX
American Funds Tax-Exempt Preservation Portfolio0.320.400.37
68
Municipal BondsAHITX vs TEPAX
RCRYX
Pioneer Corporate High Yield Fund0.360.640.76
52
High Yield BondsAHITX vs RCRYX
See all 40 diversifiers for AHITX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from AHITX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AHITX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.37, roughly unchanged from 0.36 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.370.280.36
88
Technology
XYZ
Block, Inc0.470.430.42
51
Technology

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