Looking to diversify beyond HIIFX? The mutual funds below have the lowest correlation with HIIFX — 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 HIIFX.
Best Diversifiers for HIIFX
6 mutual funds have low correlation with HIIFX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.07 | 0.00 | 0.01 | 100 | High Yield Bonds | HIIFX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.01 | 0.13 | 0.13 | 100 | High Yield Bonds | HIIFX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.14 | 0.19 | 0.24 | 100 | High Yield Bonds | HIIFX vs RPHIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.22 | 0.43 | 0.55 | 74 | High Yield Bonds | HIIFX vs FHYSX | |
| Catalyst Insider Income Fund | 0.28 | 0.28 | 0.40 | 82 | Short-Term Bond | HIIFX vs IIXIX |
See all 29 diversifiers for HIIFX
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