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MassMutual High Yield Fund (DLHYX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 15, 2026

The investment seeks to achieve a high level of total return, with an emphasis on current income, by investing primarily in high yield debt and related securities. The fund invests primarily in lower rated U.S. debt securities, including securities in default. It invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in lower rated fixed income securities (rated below Baa3 by Moody's, below BBB- by Standard & Poor's or the equivalent by any NRSRO (using the lower rating) or, if unrated, determined to be of below investment grade quality by the fund's sub-adviser.

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

Best Diversifiers for DLHYX

4 mutual funds have low correlation with DLHYX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.04, down from 0.32 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FOCIX
Fairholme Focused Income Fund-0.040.210.32
57
High Yield BondsDLHYX vs FOCIX
CCLFX
Cliffwater Corporate Lending Fund0.050.110.12
100
High Yield BondsDLHYX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.070.060.05
100
High Yield BondsDLHYX vs XILSX
RPHIX
RiverPark Short Term High Yield Fund0.170.160.24
100
High Yield BondsDLHYX vs RPHIX
RSIIX
RiverPark Strategic Income Fund0.380.360.42
76
High Yield BondsDLHYX vs RSIIX
See all 34 diversifiers for DLHYX

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Diversification Analysis

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