Looking to diversify beyond EHI? The mutual funds below have the lowest correlation with EHI — 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 EHI.
Best Diversifiers for EHI
7 mutual funds have low correlation with EHI (below 0.3), 0 of which are negatively correlated. The least correlated is RiverPark Short Term High Yield Fund (RPHIX) (High Yield Bonds) with a 1Y correlation of 0.06, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.06 | 0.09 | 0.13 | 100 | High Yield Bonds | EHI vs RPHIX | |
| RiverNorth Capital and Income Fund | 0.08 | 0.19 | 0.19 | 51 | High Yield Bonds | EHI vs RSF | |
| Pioneer ILS Interval Fund | 0.09 | 0.03 | 0.02 | 100 | High Yield Bonds | EHI vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.12 | 0.08 | 0.08 | 100 | High Yield Bonds | EHI vs CCLFX | |
| RiverPark Strategic Income Fund | 0.16 | 0.19 | 0.24 | 69 | High Yield Bonds | EHI vs RSIIX |
See all 25 diversifiers for EHI
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