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Virtus Newfleet Low Duration Core Plus Bond Fund (HIBIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks to provide a high level of total return, including a competitive level of current income, while limiting fluctuations in net asset value due to changes in interest rates. The fund seeks current income with an emphasis on maintaining low volatility and overall short duration (within a range of 1-3 years) by investing primarily in higher quality, more liquid securities across 14 fixed income sectors. Under normal circumstances, it invests at least 80% of its assets in fixed income debt obligations of various types of issuers.

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

Best Diversifiers for HIBIX

6 mutual funds have low correlation with HIBIX (below 0.3), 0 of which are negatively correlated. The least correlated is The Merger Fund (MERFX) (Event Driven) with a 1Y correlation of 0.19, up from 0.08 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MERFX
The Merger Fund0.190.080.08
97
Event DrivenHIBIX vs MERFX
GPARX
GuidePath Absolute Return Allocation Fund0.210.570.63
57
Short-Term BondHIBIX vs GPARX
LCCMX
Leader Short Term High Yield Bond Fund0.210.200.27
80
Short-Term BondHIBIX vs LCCMX
GPICX
GuidepathConservative Income Fund0.240.360.43
99
Short-Term BondHIBIX vs GPICX
SAMBX
Virtus Seix Floating Rate High Income Fund0.280.300.32
97
Bank LoanHIBIX vs SAMBX
See all 16 diversifiers for HIBIX

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Diversification Analysis

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