Looking to diversify beyond FHYSX? The mutual funds below have the lowest correlation with FHYSX — 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 FHYSX.
Best Diversifiers for FHYSX
36 mutual funds have low correlation with FHYSX (below 0.3), 2 of which are negatively correlated. The least correlated is RiverPark Short Term High Yield Fund (RPHIX) (High Yield Bonds) with a 1Y correlation of -0.10, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10 | 0.06 | 0.20 | 100 | High Yield Bonds | FHYSX vs RPHIX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.03 | 0.02 | 0.02 | 80 | Bank Loan | FHYSX vs XPTFX | |
| Pioneer ILS Interval Fund | 0.05 | 0.08 | 0.05 | 100 | High Yield Bonds | FHYSX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.10 | 0.10 | 100 | High Yield Bonds | FHYSX vs CCLFX | |
| Northeast Investors Trust | 0.07 | 0.25 | 0.37 | 81 | High Yield Bonds | FHYSX vs NTHEX |
See all 168 diversifiers for FHYSX
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