PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Northern High Yield Fixed Income Fund (NHFIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund will invest at least 80% of its net assets in lower quality bonds and other fixed-income securities (commonly referred to as "junk bonds"). Lower quality or below-investment grade securities are rated BB, Ba or lower by a Nationally Recognized Statistical Rating Organization (NRSRO), or unrated securities determined to be of comparable quality by the fund's investment adviser.

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

Best Diversifiers for NHFIX

5 mutual funds have low correlation with NHFIX (below 0.3), 2 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.05, roughly unchanged from -0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XILSX
Pioneer ILS Interval Fund-0.05-0.07-0.04
100
High Yield BondsNHFIX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund-0.040.080.11
100
High Yield BondsNHFIX vs CCLFX
RPHIX
RiverPark Short Term High Yield Fund0.090.170.26
100
High Yield BondsNHFIX vs RPHIX
RCRYX
Pioneer Corporate High Yield Fund0.190.540.68
58
High Yield BondsNHFIX vs RCRYX
PRFRX
T. Rowe Price Floating Rate Fund0.300.340.43
96
High Yield BondsNHFIX vs PRFRX
See all 47 diversifiers for NHFIX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements NHFIX

Add NHFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with NHFIX