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
7 mutual funds have low correlation with HYSZX (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 0.05, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.05 | 0.06 | 0.05 | 100 | High Yield Bonds | HYSZX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.10 | 0.07 | 0.09 | 100 | High Yield Bonds | HYSZX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.21 | 0.17 | 0.24 | 100 | High Yield Bonds | HYSZX vs RPHIX | |
| PGIM Real Assets Fund | 0.24 | 0.44 | 0.47 | 76 | Diversified Portfolio | HYSZX vs PUDZX | |
| PGIM Jennison Natural Resources R6 | 0.24 | 0.30 | 0.33 | 70 | Natural Resources | HYSZX vs PJNQX |
See all 74 diversifiers for HYSZX
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