Looking to diversify beyond MXHYX? The mutual funds below have the lowest correlation with MXHYX — 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 MXHYX.
Best Diversifiers for MXHYX
4 mutual funds have low correlation with MXHYX (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 0.00, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.00 | -0.02 | -0.00 | 100 | High Yield Bonds | MXHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.12 | 0.13 | 0.14 | 100 | High Yield Bonds | MXHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.21 | 0.22 | 0.27 | 99 | High Yield Bonds | MXHYX vs RPHIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.25 | 0.51 | 0.66 | 69 | High Yield Bonds | MXHYX vs FHYSX | |
| T. Rowe Price Floating Rate Fund | 0.33 | 0.34 | 0.42 | 96 | High Yield Bonds | MXHYX vs PRFRX |
See all 26 diversifiers for MXHYX
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