Looking to diversify beyond DHF? The mutual funds below have historically moved differently from DHF, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DHF
11 mutual funds have low correlation with DHF (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 -0.02, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.02 | 0.05 | 0.04 | 100 | High Yield Bonds | DHF vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.01 | 0.07 | 0.13 | 99 | High Yield Bonds | DHF vs RPHIX | |
| Fairholme Focused Income Fund | 0.05 | 0.13 | 0.29 | 70 | High Yield Bonds | DHF vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.07 | 0.05 | 0.07 | 100 | Bank Loan, High Yield Bonds | DHF vs CCLFX | |
| RiverNorth Capital and Income Fund | 0.15 | 0.16 | 0.19 | 59 | High Yield Bonds | DHF vs RSF |
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