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Nuveen High Yield Income Fund (NCOIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 5, 2026

The investment seeks current income and capital appreciation. Under normal circumstances, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in debt instruments (e.g., bonds and loans) rated below investment grade or, if unrated, deemed by the fund's portfolio managers to be of comparable quality. The fund invests both in debt issued by U.S. companies and in U.S. dollar-denominated debt issued by non-U.S. companies that is traded over-the-counter or listed on an exchange.

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

Best Diversifiers for NCOIX

3 mutual funds have low correlation with NCOIX (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 0.03, roughly unchanged from 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCLFX
Cliffwater Corporate Lending Fund0.030.090.11
100
High Yield BondsNCOIX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.060.100.07
100
High Yield BondsNCOIX vs XILSX
RPHIX
RiverPark Short Term High Yield Fund0.190.210.27
99
High Yield BondsNCOIX vs RPHIX
RSIIX
RiverPark Strategic Income Fund0.410.360.41
65
High Yield BondsNCOIX vs RSIIX
NVHIX
Nuveen Short Duration High Yield Municipal Bond Fu...0.420.390.38
61
High Yield MuniNCOIX vs NVHIX
See all 33 diversifiers for NCOIX

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Diversification Analysis

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