Looking to diversify beyond CIK? The mutual funds below have the lowest correlation with CIK — 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 CIK.
Best Diversifiers for CIK
7 mutual funds have low correlation with CIK (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.05, 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 | 0.05 | 0.02 | 0.02 | 100 | High Yield Bonds | CIK vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.07 | 0.05 | 0.07 | 100 | High Yield Bonds | CIK vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.10 | 0.08 | 0.12 | 100 | High Yield Bonds | CIK vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.11 | 0.12 | 0.26 | 52 | High Yield Bonds | CIK vs RCRYX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.14 | 0.15 | 0.29 | 67 | High Yield Bonds | CIK vs FHYSX |
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