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MFS Global High Yield Fund (MHOIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks total return with an emphasis on high current income, but also considering capital appreciation. MFS (Massachusetts Financial Services Company, the fund's investment adviser) normally invests directly and/or indirectly through investment in mutual funds advised by MFS at least 80% of the fund's net assets in high income debt instruments. MFS may invest the fund's assets in other types of debt instruments.

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

Best Diversifiers for MHOIX

3 mutual funds have low correlation with MHOIX (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 0.07, roughly unchanged from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCLFX
Cliffwater Corporate Lending Fund0.070.090.11
100
High Yield BondsMHOIX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.140.100.08
100
High Yield BondsMHOIX vs XILSX
RPHIX
RiverPark Short Term High Yield Fund0.200.190.27
99
High Yield BondsMHOIX vs RPHIX
RCRYX
Pioneer Corporate High Yield Fund0.350.640.76
52
High Yield BondsMHOIX vs RCRYX
RSIIX
RiverPark Strategic Income Fund0.380.310.39
68
High Yield BondsMHOIX vs RSIIX
See all 29 diversifiers for MHOIX

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