Looking to diversify beyond NHS? The mutual funds below have the lowest correlation with NHS — 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 NHS.
Best Diversifiers for NHS
6 mutual funds have low correlation with NHS (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 -0.01, 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 | -0.01 | -0.00 | 0.00 | 100 | High Yield Bonds | NHS vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.03 | 0.07 | 0.13 | 99 | High Yield Bonds | NHS vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.12 | 0.06 | 0.09 | 100 | High Yield Bonds | NHS vs CCLFX | |
| T. Rowe Price Floating Rate Fund | 0.21 | 0.22 | 0.28 | 96 | High Yield Bonds | NHS vs PRFRX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.22 | 0.26 | 0.39 | 69 | High Yield Bonds | NHS vs FHYSX |
See all 30 diversifiers for NHS
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