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Payden High Income Fund (PYHRX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund invests in a wide variety of debt instruments and income-producing securities. It normally invests at least 80% of its total assets in corporate debt securities rated below investment grade. Below investment grade debt securities are rated below the four highest grades by at least one Nationally Recognized Statistical Rating Organization, or are securities that the fund's adviser, Payden & Rygel ("Payden"), determines to be of comparable quality.

Looking to diversify beyond PYHRX? The mutual funds below have the lowest correlation with PYHRX — 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 PYHRX.

Best Diversifiers for PYHRX

5 mutual funds have low correlation with PYHRX (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 -0.02 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XILSX
Pioneer ILS Interval Fund-0.03-0.04-0.02
100
High Yield BondsPYHRX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund0.080.110.11
100
High Yield BondsPYHRX vs CCLFX
RPHIX
RiverPark Short Term High Yield Fund0.200.220.27
99
High Yield BondsPYHRX vs RPHIX
RCRYX
Pioneer Corporate High Yield Fund0.210.570.70
52
High Yield BondsPYHRX vs RCRYX
FFRHX
Fidelity Floating Rate High Income Fund0.300.340.42
92
Bank LoanPYHRX vs FFRHX
See all 97 diversifiers for PYHRX

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