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RBC BlueBay High Yield Bond Fund (RGHYX) Diversifiers

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

The investment seeks to achieve a high level of total return consisting of income and capital appreciation. The fund normally invests at least 80% of its assets in fixed income securities and/or investments that, at the time of purchase, have similar economic characteristics as fixed income securities that are non-investment grade (high yield /junk bond), and are considered by the adviser to have the potential to provide a high level of total return. Up to 20% of the fund's total assets may be invested in other securities, including investment grade securities.

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

Best Diversifiers for RGHYX

4 mutual funds have low correlation with RGHYX (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 0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XILSX
Pioneer ILS Interval Fund0.010.040.04
100
High Yield BondsRGHYX vs XILSX
CCLFX
Cliffwater Corporate Lending Fund0.100.160.15
100
High Yield BondsRGHYX vs CCLFX
RPHIX
RiverPark Short Term High Yield Fund0.190.190.26
99
High Yield BondsRGHYX vs RPHIX
RCRYX
Pioneer Corporate High Yield Fund0.260.580.71
52
High Yield BondsRGHYX vs RCRYX
RUSIX
RBC Ultra-Short Fixed Income Fund0.320.320.29
96
Ultrashort BondRGHYX vs RUSIX
See all 37 diversifiers for RGHYX

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