Looking to diversify beyond CIF? The mutual funds below have the lowest correlation with CIF — 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 CIF.
Best Diversifiers for CIF
8 mutual funds have low correlation with CIF (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.01 | 0.03 | 0.02 | 100 | High Yield Bonds | CIF vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.00 | 0.06 | 0.10 | 100 | High Yield Bonds | CIF vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.06 | 0.10 | 0.15 | 100 | High Yield Bonds | CIF vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.15 | 0.27 | 0.38 | 55 | High Yield Bonds | CIF vs RCRYX | |
| RiverPark Strategic Income Fund | 0.19 | 0.18 | 0.25 | 68 | High Yield Bonds | CIF vs RSIIX |
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