Looking to diversify beyond PRHYX? The mutual funds below have the lowest correlation with PRHYX — 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 PRHYX.
Best Diversifiers for PRHYX
6 mutual funds have low correlation with PRHYX (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 -0.05, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.05 | 0.00 | 0.02 | 100 | High Yield Bonds | PRHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.08 | 0.07 | 0.10 | 100 | High Yield Bonds | PRHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.15 | 0.19 | 0.28 | 100 | High Yield Bonds | PRHYX vs RPHIX | |
| Vanguard Short-Term Treasury Index Fund Admiral Sh... | 0.28 | 0.29 | 0.26 | 85 | Government Bonds | PRHYX vs VSBSX | |
| Fidelity Floating Rate High Income Fund | 0.28 | 0.39 | 0.49 | 92 | Bank Loan | PRHYX vs FFRHX |
See all 98 diversifiers for PRHYX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PRHYX
Add PRHYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRHYX