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DWS High Income Fund (KHYAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The fund generally invests at least 65% of net assets, plus the amount of any borrowings for investment purposes, in junk bonds. It may invest up to 50% of total assets in bonds denominated in U.S. dollars or foreign currencies from foreign issuers, including issuers in emerging markets.

Looking to diversify beyond KHYAX? The mutual funds below have the lowest correlation with KHYAX — 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 KHYAX.

Best Diversifiers for KHYAX

3 mutual funds have low correlation with KHYAX (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 0.01, roughly unchanged from 0.00 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XILSX
Pioneer ILS Interval Fund0.010.010.00
100
High Yield BondsKHYAX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund0.020.100.12
100
High Yield BondsKHYAX vs CCLFX
RPHIX
RiverPark Short Term High Yield Fund0.190.200.27
99
High Yield BondsKHYAX vs RPHIX
PRFRX
T. Rowe Price Floating Rate Fund0.360.330.42
95
High Yield BondsKHYAX vs PRFRX
FHYSX
Federated Hermes High-Yield Strategy Portfolio0.360.570.72
68
High Yield BondsKHYAX vs FHYSX
See all 32 diversifiers for KHYAX

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