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Loomis Sayles Institutional High Income Fund (LSHIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks high total investment return through a combination of current income and capital appreciation. The fund will invest primarily in below investment-grade fixed-income securities (commonly known as "junk bonds") and other securities that are expected to produce a relatively high level of income (including income-producing preferred stocks and common stocks). The fund's fixed-income securities investments may include unrated securities (securities that are not rated by a rating agency) if Loomis Sayles determines that the securities are of comparable quality to rated securities that the fund may purchase.

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

Best Diversifiers for LSHIX

3 mutual funds have low correlation with LSHIX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XILSX
Pioneer ILS Interval Fund-0.09-0.06-0.03
100
High Yield BondsLSHIX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund0.040.090.08
100
High Yield BondsLSHIX vs CCLFX
RPHIX
RiverPark Short Term High Yield Fund0.130.180.26
100
High Yield BondsLSHIX vs RPHIX
PRFRX
T. Rowe Price Floating Rate Fund0.310.350.43
96
High Yield BondsLSHIX vs PRFRX
FHYSX
Federated Hermes High-Yield Strategy Portfolio0.350.600.73
74
High Yield BondsLSHIX vs FHYSX
See all 27 diversifiers for LSHIX

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