Looking to diversify beyond MDHVX? The mutual funds below have the lowest correlation with MDHVX — 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 MDHVX.
Best Diversifiers for MDHVX
11 mutual funds have low correlation with MDHVX (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 -0.05, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.05 | -0.03 | -0.02 | 100 | High Yield Bonds | MDHVX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.13 | 0.13 | 0.14 | 100 | High Yield Bonds | MDHVX vs CCLFX | |
| Pioneer Corporate High Yield Fund | 0.19 | 0.51 | 0.65 | 52 | High Yield Bonds | MDHVX vs RCRYX | |
| RiverPark Short Term High Yield Fund | 0.20 | 0.25 | 0.30 | 99 | High Yield Bonds | MDHVX vs RPHIX | |
| MainStay MacKay California Tax Free Opportunities ... | 0.28 | 0.34 | 0.32 | 71 | Municipal Bonds | MDHVX vs MSCVX |
See all 160 diversifiers for MDHVX
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