Looking to diversify beyond BHYIX? The mutual funds below have the lowest correlation with BHYIX — 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 BHYIX.
Best Diversifiers for BHYIX
6 mutual funds have low correlation with BHYIX (below 0.3), 1 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | -0.01 | 0.06 | 0.07 | 100 | High Yield Bonds | BHYIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.04 | 0.09 | 0.06 | 100 | High Yield Bonds | BHYIX vs XILSX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.12 | 0.08 | 0.03 | 92 | Long-Short | BHYIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.16 | 0.02 | -0.10 | 67 | Systematic Trend | BHYIX vs ASFYX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.17 | 0.26 | 100 | High Yield Bonds | BHYIX vs RPHIX |
See all 45 diversifiers for BHYIX
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