Looking to diversify beyond HYT? The mutual funds below have the lowest correlation with HYT — 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 HYT.
Best Diversifiers for HYT
6 mutual funds have low correlation with HYT (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 0.06, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.06 | 0.07 | 0.03 | 100 | High Yield Bonds | HYT vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.06 | 0.08 | 0.14 | 100 | High Yield Bonds | HYT vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.11 | 0.07 | 0.09 | 100 | High Yield Bonds | HYT vs CCLFX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.14 | 0.07 | 0.03 | 96 | Equity Market Neutral | HYT vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.22 | 0.08 | -0.05 | 58 | Systematic Trend | HYT vs ASFYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HYT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HYT and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.00, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.00 | 0.14 | 0.26 | 74 | Real Estate | |
| STAG Industrial, Inc. | 0.18 | 0.27 | 0.36 | 72 | Real Estate | |
| Reaves Utility Income Trust | 0.22 | 0.28 | 0.34 | 73 | Financial Services | |
| Interface, Inc. | 0.27 | 0.24 | 0.33 | 83 | Consumer Cyclical | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.27 | 0.36 | 0.47 | 61 | Financial Services |
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Build a portfolio that complements HYT
Add HYT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HYT