Looking to diversify beyond FTHY? The mutual funds below have the lowest correlation with FTHY — 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 FTHY.
Best Diversifiers for FTHY
7 mutual funds have low correlation with FTHY (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 0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.02 | 0.06 | 0.02 | 100 | High Yield Bonds | FTHY vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.08 | 0.03 | 0.07 | 100 | High Yield Bonds | FTHY vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.10 | 0.09 | 0.14 | 100 | High Yield Bonds | FTHY vs RPHIX | |
| Vivaldi Merger Arbitrage Fund Class I | 0.12 | 0.10 | 0.16 | 98 | Event Driven | FTHY vs VARBX | |
| Pioneer Corporate High Yield Fund | 0.12 | 0.26 | 0.37 | 52 | High Yield Bonds | FTHY vs RCRYX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTHY and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.30, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.30 | 0.29 | 0.32 | 79 | Financial Services | |
| AGNC Investment Corp. | 0.40 | 0.41 | 0.41 | 77 | Real Estate |
Build a portfolio that complements FTHY
Add FTHY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FTHY