Looking to diversify beyond MXHYX? The mutual funds below have historically moved differently from MXHYX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for MXHYX
6 mutual funds have low correlation with MXHYX (below 0.3), 2 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.02, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.02 | 0.23 | 0.37 | 73 | High Yield Bonds | MXHYX vs FOCIX | |
| Pioneer ILS Interval Fund | -0.01 | -0.02 | -0.01 | 100 | High Yield Bonds | MXHYX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.15 | 0.14 | 0.14 | 100 | Bank Loan, High Yield Bonds | MXHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.18 | 0.24 | 0.27 | 100 | High Yield Bonds | MXHYX vs RPHIX | |
| Great-West Real Estate Index Fund | 0.20 | 0.46 | 0.51 | 79 | REIT | MXHYX vs MXREX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MXHYX
Add MXHYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MXHYX