Looking to diversify beyond HYI? The mutual funds below have the lowest correlation with HYI — 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 HYI.
Best Diversifiers for HYI
7 mutual funds have low correlation with HYI (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 0.03, 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 | 0.03 | 0.08 | 0.02 | 100 | High Yield Bonds | HYI vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.05 | 0.02 | 0.09 | 100 | High Yield Bonds | HYI vs RPHIX | |
| RiverNorth Capital and Income Fund | 0.08 | 0.20 | 0.17 | 67 | High Yield Bonds | HYI vs RSF | |
| Cliffwater Corporate Lending Fund | 0.10 | 0.06 | 0.07 | 100 | High Yield Bonds | HYI vs CCLFX | |
| Fairholme Focused Income Fund | 0.16 | 0.23 | 0.30 | 57 | High Yield Bonds | HYI vs FOCIX |
See all 25 diversifiers for HYI
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