Looking to diversify beyond DCHYX? The mutual funds below have the lowest correlation with DCHYX — 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 DCHYX.
Best Diversifiers for DCHYX
5 mutual funds have low correlation with DCHYX (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 -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.01 | -0.02 | -0.00 | 100 | High Yield Bonds | DCHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.11 | 0.12 | 0.13 | 100 | High Yield Bonds | DCHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.12 | 0.22 | 0.30 | 99 | High Yield Bonds | DCHYX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.23 | 0.58 | 0.73 | 52 | High Yield Bonds | DCHYX vs RCRYX | |
| Dunham Monthly Distribution Fund | 0.27 | 0.23 | 0.25 | 97 | Event Driven | DCHYX vs DAMDX |
See all 34 diversifiers for DCHYX
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