Looking to diversify beyond PHYIX? The mutual funds below have the lowest correlation with PHYIX — 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 PHYIX.
Best Diversifiers for PHYIX
5 mutual funds have low correlation with PHYIX (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.02, 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 | 0.02 | -0.01 | -0.00 | 100 | High Yield Bonds | PHYIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.08 | 0.14 | 0.15 | 100 | High Yield Bonds | PHYIX vs CCLFX | |
| Putnam Ultra Short Duration Income Fund | 0.16 | 0.19 | 0.17 | 99 | Ultrashort Bond | PHYIX vs PSDYX | |
| RiverPark Short Term High Yield Fund | 0.18 | 0.21 | 0.28 | 100 | High Yield Bonds | PHYIX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.23 | 0.52 | 0.68 | 56 | High Yield Bonds | PHYIX vs RCRYX |
See all 35 diversifiers for PHYIX
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Diversification Analysis
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