Looking to diversify beyond PHYPX? The mutual funds below have the lowest correlation with PHYPX — 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 PHYPX.
Best Diversifiers for PHYPX
3 mutual funds have low correlation with PHYPX (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 0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.01 | 0.03 | 0.03 | 100 | High Yield Bonds | PHYPX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.05 | 0.15 | 0.14 | 100 | High Yield Bonds | PHYPX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.09 | 0.18 | 0.26 | 100 | High Yield Bonds | PHYPX vs RPHIX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.35 | 0.39 | 0.41 | 94 | Emerging Markets Diversified | PHYPX vs EMPTX | |
| PACE Municipal Fixed Income Investments | 0.40 | 0.43 | 0.41 | 74 | Municipal Bonds | PHYPX vs PCMNX |
See all 23 diversifiers for PHYPX
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