Looking to diversify beyond HYSZX? The mutual funds below have the lowest correlation with HYSZX — 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 HYSZX.
Best Diversifiers for HYSZX
9 mutual funds have low correlation with HYSZX (below 0.3), 2 of which are negatively correlated. The least correlated is PGIM Quant Solutions Commodity Strategies Fund (PQCMX) (Commodities) with a 1Y correlation of -0.21, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Quant Solutions Commodity Strategies Fund | -0.21 | -0.03 | 0.11 | 57 | Commodities | HYSZX vs PQCMX | |
| PGIM Jennison MLP Fund | -0.08 | 0.18 | 0.27 | 74 | Energy Equities | HYSZX vs PRPZX | |
| Pioneer ILS Interval Fund | 0.03 | 0.06 | 0.05 | 100 | High Yield Bonds | HYSZX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.11 | 0.08 | 0.09 | 100 | High Yield Bonds | HYSZX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.19 | 0.18 | 0.24 | 100 | High Yield Bonds | HYSZX vs RPHIX |
See all 79 diversifiers for HYSZX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements HYSZX
Add HYSZX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYSZX