Looking to diversify beyond HIX? The mutual funds below have the lowest correlation with HIX — 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 HIX.
Best Diversifiers for HIX
10 mutual funds have low correlation with HIX (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 0.01, 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 | 0.01 | 0.01 | 0.02 | 100 | High Yield Bonds | HIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.13 | 0.14 | 0.16 | 99 | High Yield Bonds | HIX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.14 | 0.10 | 0.10 | 100 | High Yield Bonds | HIX vs CCLFX | |
| Pioneer Corporate High Yield Fund | 0.16 | 0.26 | 0.36 | 52 | High Yield Bonds | HIX vs RCRYX | |
| RiverPark Strategic Income Fund | 0.16 | 0.16 | 0.21 | 68 | High Yield Bonds | HIX vs RSIIX |
See all 27 diversifiers for HIX
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