Looking to diversify beyond PHCHX? The mutual funds below have the lowest correlation with PHCHX — 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 PHCHX.
Best Diversifiers for PHCHX
4 mutual funds have low correlation with PHCHX (below 0.3), 1 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | -0.01 | 0.01 | 0.06 | 100 | High Yield Bonds | PHCHX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.14 | 0.08 | 0.05 | 100 | High Yield Bonds | PHCHX vs XILSX | |
| The Merger Fund | 0.21 | 0.14 | 0.21 | 97 | Event Driven | PHCHX vs MERFX | |
| RiverPark Short Term High Yield Fund | 0.21 | 0.17 | 0.24 | 99 | High Yield Bonds | PHCHX vs RPHIX | |
| Virtus Seix Floating Rate High Income Fund | 0.40 | 0.46 | 0.52 | 97 | Bank Loan | PHCHX vs SAMBX |
See all 23 diversifiers for PHCHX
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