Looking to diversify beyond HWHIX? The mutual funds below have the lowest correlation with HWHIX — 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 HWHIX.
Best Diversifiers for HWHIX
3 mutual funds have low correlation with HWHIX (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 0.10, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.10 | 0.10 | 0.10 | 100 | High Yield Bonds | HWHIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.13 | 0.10 | 0.07 | 100 | High Yield Bonds | HWHIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.19 | 0.19 | 0.27 | 99 | High Yield Bonds | HWHIX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.37 | 0.66 | 0.77 | 52 | High Yield Bonds | HWHIX vs RCRYX | |
| RiverPark Strategic Income Fund | 0.43 | 0.36 | 0.41 | 68 | High Yield Bonds | HWHIX vs RSIIX |
See all 28 diversifiers for HWHIX
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Diversification Analysis
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