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Fidelity SAI High Income Fund (FSHGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The mutual fund primarily invests in income-producing debt securities, preferred stocks, and convertible securities, focusing on lower-quality debt securities. It may also invest in non-income producing securities like defaulted securities and common stocks, from both domestic and foreign issuers.

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

Best Diversifiers for FSHGX

3 mutual funds have low correlation with FSHGX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCLFX
Cliffwater Corporate Lending Fund0.080.080.12
100
High Yield BondsFSHGX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.100.070.06
100
High Yield BondsFSHGX vs XILSX
RPHIX
RiverPark Short Term High Yield Fund0.210.180.27
99
High Yield BondsFSHGX vs RPHIX
PRFRX
T. Rowe Price Floating Rate Fund0.410.460.53
96
High Yield BondsFSHGX vs PRFRX
RSIIX
RiverPark Strategic Income Fund0.420.380.42
68
High Yield BondsFSHGX vs RSIIX
See all 30 diversifiers for FSHGX

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Diversification Analysis

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