Looking to diversify beyond DLHRX? The mutual funds below have the lowest correlation with DLHRX — 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 DLHRX.
Best Diversifiers for DLHRX
4 mutual funds have low correlation with DLHRX (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 0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.04 | 0.06 | 0.05 | 100 | High Yield Bonds | DLHRX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.06 | 0.10 | 100 | High Yield Bonds | DLHRX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.19 | 0.18 | 0.25 | 99 | High Yield Bonds | DLHRX vs RPHIX | |
| BNY Mellon Natural Resources Fund | 0.22 | 0.26 | 0.29 | 59 | Energy Equities | DLHRX vs DLDRX | |
| BNY Mellon Floating Rate Income Fund | 0.44 | 0.41 | 0.46 | 82 | Bank Loan | DLHRX vs DFLYX |
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