Looking to diversify beyond MHITX? The mutual funds below have the lowest correlation with MHITX — 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 MHITX.
Best Diversifiers for MHITX
3 mutual funds have low correlation with MHITX (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.03 | 0.05 | 0.04 | 100 | High Yield Bonds | MHITX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.12 | 0.11 | 0.10 | 100 | High Yield Bonds | MHITX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.15 | 0.18 | 0.25 | 100 | High Yield Bonds | MHITX vs RPHIX | |
| RiverPark Strategic Income Fund | 0.33 | 0.29 | 0.36 | 68 | High Yield Bonds | MHITX vs RSIIX | |
| Fidelity Advisor Growth Opportunities Fund Class M | 0.36 | 0.37 | 0.43 | 52 | Large Cap Growth Equities | MHITX vs FAGOX |
See all 33 diversifiers for MHITX
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