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Lord Abbett High Yield Fund (LHYAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The investment seeks a high current income and the opportunity for capital appreciation to produce a high total return. The fund normally pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in lower-rated debt securities, including corporate debt securities and securities that are convertible into common stock or have warrants to purchase common stock. It may invest up to 20% of its net assets in foreign securities (including emerging market securities and American Depository Receipts ("ADRs")). The fund may invest up to 20% of its net assets in municipal securities.

Looking to diversify beyond LHYAX? The mutual funds below have historically moved differently from LHYAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for LHYAX

4 mutual funds have low correlation with LHYAX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.06, down from 0.32 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FOCIX
Fairholme Focused Income Fund-0.060.190.32
73
High Yield BondsLHYAX vs FOCIX
XILSX
Pioneer ILS Interval Fund0.070.070.05
100
High Yield BondsLHYAX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund Class I Shares0.110.070.11
100
Bank Loan, High Yield BondsLHYAX vs CCLFX
RPHIX
RiverPark Short Term High Yield Fund0.180.200.26
100
High Yield BondsLHYAX vs RPHIX
LHCIX
Lord Abbett Health Care Fund0.310.440.45
61
Health & Biotech EquitiesLHYAX vs LHCIX
See all 64 diversifiers for LHYAX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for LHYAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Nuveen AMT-Free Quality Municipal Income Fund (NEA) (Financial Services) with a 1Y correlation of 0.38, roughly unchanged from 0.42 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NEA
Nuveen AMT-Free Quality Municipal Income Fund0.380.420.42
78
Financial Services

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Diversification Analysis

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