Looking to diversify beyond PLHIX? The mutual funds below have the lowest correlation with PLHIX — 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 PLHIX.
Best Diversifiers for PLHIX
4 mutual funds have low correlation with PLHIX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.03 | -0.00 | 0.01 | 100 | High Yield Bonds | PLHIX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.07 | 0.15 | 0.14 | 100 | High Yield Bonds | PLHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.10 | 0.19 | 0.27 | 100 | High Yield Bonds | PLHIX vs RPHIX | |
| Pacific Funds Ultra Short Income | 0.22 | 0.18 | 0.25 | 99 | Ultrashort Bond | PLHIX vs PLUIX | |
| Pacific Funds Short Duration Income | 0.37 | 0.46 | 0.47 | 93 | Short-Term Bond | PLHIX vs PLSDX |
See all 33 diversifiers for PLHIX
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