Looking to diversify beyond HAHYX? The mutual funds below have the lowest correlation with HAHYX — 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 HAHYX.
Best Diversifiers for HAHYX
3 mutual funds have low correlation with HAHYX (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 0.07, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.07 | 0.08 | 0.11 | 100 | High Yield Bonds | HAHYX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.10 | 0.06 | 0.05 | 100 | High Yield Bonds | HAHYX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.20 | 0.19 | 0.26 | 99 | High Yield Bonds | HAHYX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 0.44 | 0.47 | 0.53 | 96 | High Yield Bonds | HAHYX vs PRFRX | |
| Hartford Schroders Emerging Markets Equity Fund Cl... | 0.48 | 0.44 | 0.44 | 91 | Emerging Markets Equities | HAHYX vs SEMNX |
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