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JPMorgan High Yield Fund (OHYFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 26, 2026

The fund normally invests at least 80% of its assets in bonds, other debt securities, loan assignments and participations (Loans), commitments to purchase loan assignments (Unfunded Commitments) and preferred stocks that are rated below investment grade or unrated. It may invest no more than 30% of its net assets in Loans and Unfunded Commitments. The fund's average weighted maturity ordinarily will range between three and ten years.

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

Best Diversifiers for OHYFX

3 mutual funds have low correlation with OHYFX (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 -0.05, roughly unchanged from 0.01 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XILSX
Pioneer ILS Interval Fund-0.050.010.01
100
High Yield BondsOHYFX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund0.060.100.11
100
High Yield BondsOHYFX vs CCLFX
RPHIX
RiverPark Short Term High Yield Fund0.150.180.27
100
High Yield BondsOHYFX vs RPHIX
FHYSX
Federated Hermes High-Yield Strategy Portfolio0.350.570.74
72
High Yield BondsOHYFX vs FHYSX
PRFRX
T. Rowe Price Floating Rate Fund0.380.370.44
97
High Yield BondsOHYFX vs PRFRX
See all 28 diversifiers for OHYFX

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Diversification Analysis

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