Looking to diversify beyond PHIYX? The mutual funds below have the lowest correlation with PHIYX — 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 PHIYX.
Best Diversifiers for PHIYX
4 mutual funds have low correlation with PHIYX (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 0.11, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.11 | 0.10 | 0.11 | 100 | High Yield Bonds | PHIYX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.13 | 0.08 | 0.05 | 100 | High Yield Bonds | PHIYX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.22 | 0.19 | 0.26 | 99 | High Yield Bonds | PHIYX vs RPHIX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.23 | 0.43 | 0.47 | 88 | Diversified Portfolio | PHIYX vs FSRKX | |
| RiverPark Strategic Income Fund | 0.39 | 0.34 | 0.39 | 68 | High Yield Bonds | PHIYX vs RSIIX |
See all 32 diversifiers for PHIYX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PHIYX
Add PHIYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHIYX