Looking to diversify beyond MNHAX? The mutual funds below have the lowest correlation with MNHAX — 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 MNHAX.
Best Diversifiers for MNHAX
5 mutual funds have low correlation with MNHAX (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 -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.04 | -0.03 | -0.01 | 100 | High Yield Bonds | MNHAX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.09 | 0.10 | 0.12 | 100 | High Yield Bonds | MNHAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.15 | 0.22 | 0.28 | 99 | High Yield Bonds | MNHAX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.21 | 0.51 | 0.65 | 52 | High Yield Bonds | MNHAX vs RCRYX | |
| Fidelity Floating Rate High Income Fund | 0.29 | 0.35 | 0.44 | 92 | Bank Loan | MNHAX vs FFRHX |
See all 37 diversifiers for MNHAX
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