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Aquila High Income Fund (ATPYX) Diversifiers

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

The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in income-producing securities. Its portfolio will typically include a high proportion, perhaps even 100%, of high-yield/high-risk securities rated below investment grade. The bonds the fund purchases can be of any maturity but the average effective weighted maturity of the fund's portfolio will normally be within one year of the average maturity of the Bloomberg US Corporate High Yield Total Return Index Value Unhedged.

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

Best Diversifiers for ATPYX

0 mutual funds have low correlation with ATPYX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price High Yield Fund (PRHYX) (High Yield Bonds) with a 1Y correlation of 0.57, roughly unchanged from 0.57 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PRHYX
T. Rowe Price High Yield Fund0.570.570.57
74
High Yield BondsATPYX vs PRHYX
FAHYX
Fidelity Advisor High Income Advantage Fund Class ...0.700.700.70
91
High Yield BondsATPYX vs FAHYX
CWFIX
Chartwell Short Duration High Yield Fund0.800.800.80
97
High Yield BondsATPYX vs CWFIX

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