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), 1 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of -0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | -0.00 | 0.15 | 0.14 | 100 | High Yield Bonds | PHYIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.04 | -0.01 | 0.00 | 100 | High Yield Bonds | PHYIX vs XILSX | |
| Pioneer Corporate High Yield Fund | 0.14 | 0.54 | 0.68 | 55 | High Yield Bonds | PHYIX vs RCRYX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.21 | 0.28 | 100 | High Yield Bonds | PHYIX vs RPHIX | |
| Putnam Ultra Short Duration Income Fund | 0.21 | 0.19 | 0.17 | 98 | Ultrashort Bond | PHYIX vs PSDYX |
See all 33 diversifiers for PHYIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PHYIX
Add PHYIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHYIX