Looking to diversify beyond HIMYX? The mutual funds below have the lowest correlation with HIMYX — 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 HIMYX.
Best Diversifiers for HIMYX
7 mutual funds have low correlation with HIMYX (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 0.06, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.06 | 0.12 | 0.10 | 100 | High Yield Bonds | HIMYX vs XILSX | |
| Pioneer Fund | 0.16 | 0.10 | 0.08 | 54 | Large Cap Blend Equities | HIMYX vs PIODX | |
| Pioneer Global Sustainable Equity Fund Class A | 0.20 | 0.11 | 0.07 | 85 | Global Equities, Sustainable | HIMYX vs GLOSX | |
| Pioneer Mid Cap Value Fund | 0.21 | 0.14 | 0.08 | 69 | Mid Cap Value Equities | HIMYX vs PCGRX | |
| Pioneer Solutions - Balanced Fund | 0.25 | 0.17 | 0.12 | 84 | Global Allocation | HIMYX vs PIALX |
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