Looking to diversify beyond MDHVX? The mutual funds below have historically moved differently from MDHVX, 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 MDHVX
9 mutual funds have low correlation with MDHVX (below 0.3), 2 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.05 | -0.04 | -0.02 | 100 | High Yield Bonds | MDHVX vs XILSX | |
| Fairholme Focused Income Fund | -0.00 | 0.23 | 0.37 | 70 | High Yield Bonds | MDHVX vs FOCIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.16 | 0.13 | 0.15 | 100 | Bank Loan, High Yield Bonds | MDHVX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.20 | 0.26 | 0.30 | 99 | High Yield Bonds | MDHVX vs RPHIX | |
| Fidelity Floating Rate High Income Fund | 0.28 | 0.35 | 0.44 | 93 | Bank Loan | MDHVX vs FFRHX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MDHVX
Add MDHVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MDHVX