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Lord Abbett High Yield Fund (LHYAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

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 the lowest correlation with LHYAX — 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 LHYAX.

Best Diversifiers for LHYAX

3 mutual funds have low correlation with LHYAX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCLFX
Cliffwater Corporate Lending Fund0.070.070.10
100
High Yield BondsLHYAX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.090.070.06
100
High Yield BondsLHYAX vs XILSX
RPHIX
RiverPark Short Term High Yield Fund0.200.200.27
100
High Yield BondsLHYAX vs RPHIX
RCRYX
Pioneer Corporate High Yield Fund0.320.650.77
52
High Yield BondsLHYAX vs RCRYX
PRFRX
T. Rowe Price Floating Rate Fund0.350.450.54
96
High Yield BondsLHYAX vs PRFRX
See all 66 diversifiers for LHYAX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from LHYAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LHYAX and solid risk/return profiles. The least correlated is Nuveen AMT-Free Quality Municipal Income Fund (NEA) (Financial Services) with a 1Y correlation of 0.35, roughly unchanged from 0.41 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NEA
Nuveen AMT-Free Quality Municipal Income Fund0.350.420.41
79
Financial Services

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Diversification Analysis

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