Looking to diversify beyond MNHYX? The mutual funds below have the lowest correlation with MNHYX — 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 MNHYX.
Best Diversifiers for MNHYX
4 mutual funds have low correlation with MNHYX (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 -0.03, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.03 | -0.05 | -0.03 | 100 | High Yield Bonds | MNHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.08 | 0.11 | 0.12 | 100 | High Yield Bonds | MNHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.24 | 0.28 | 99 | High Yield Bonds | MNHYX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.21 | 0.53 | 0.66 | 52 | High Yield Bonds | MNHYX vs RCRYX | |
| CrossingBridge Low Duration High Yield Fund | 0.30 | 0.30 | 0.34 | 97 | Multisector Bonds | MNHYX vs CBLDX |
See all 42 diversifiers for MNHYX
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