Looking to diversify beyond LZHYX? The mutual funds below have the lowest correlation with LZHYX — 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 LZHYX.
Best Diversifiers for LZHYX
4 mutual funds have low correlation with LZHYX (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 0.05, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.05 | 0.07 | 0.08 | 100 | High Yield Bonds | LZHYX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.05 | 0.07 | 0.05 | 100 | High Yield Bonds | LZHYX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.25 | 0.20 | 0.27 | 99 | High Yield Bonds | LZHYX vs RPHIX | |
| Lazard Real Assets Portfolio | 0.29 | 0.45 | 0.46 | 59 | Global Allocation | LZHYX vs RALIX | |
| T. Rowe Price Floating Rate Fund | 0.42 | 0.45 | 0.47 | 96 | High Yield Bonds | LZHYX vs PRFRX |
See all 25 diversifiers for LZHYX
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