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Polen DDJ Opportunistic High Yield Fund (DDJIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund invests in high yield fixed income securities with a focus on "middle market" issuers in the United States and, to a much lesser extent, Canada. The adviser intends to invest its assets in credit instruments that are rated below investment grade by some or all relevant independent rating agencies, including Moody's Investors Service, Standard and Poor's Rating Services and Fitch Ratings.

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

Best Diversifiers for DDJIX

4 mutual funds have low correlation with DDJIX (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 -0.09, roughly unchanged from -0.02 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XILSX
Pioneer ILS Interval Fund-0.09-0.05-0.02
100
High Yield BondsDDJIX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund0.060.080.09
100
High Yield BondsDDJIX vs CCLFX
RPHIX
RiverPark Short Term High Yield Fund0.210.210.27
100
High Yield BondsDDJIX vs RPHIX
FHYSX
Federated Hermes High-Yield Strategy Portfolio0.260.370.56
74
High Yield BondsDDJIX vs FHYSX
PRFRX
T. Rowe Price Floating Rate Fund0.390.350.44
96
High Yield BondsDDJIX vs PRFRX
See all 26 diversifiers for DDJIX

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Diversification Analysis

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