Looking to diversify beyond RPIHX? The mutual funds below have the lowest correlation with RPIHX — 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 RPIHX.
Best Diversifiers for RPIHX
3 mutual funds have low correlation with RPIHX (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 -0.01, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.01 | 0.03 | 0.05 | 100 | High Yield Bonds | RPIHX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.01 | 0.09 | 0.13 | 100 | High Yield Bonds | RPIHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.11 | 0.18 | 0.25 | 100 | High Yield Bonds | RPIHX vs RPHIX | |
| Fidelity Floating Rate High Income Fund | 0.33 | 0.44 | 0.51 | 93 | High Yield Bonds | RPIHX vs FFRHX | |
| RiverPark Strategic Income Fund | 0.40 | 0.34 | 0.40 | 68 | High Yield Bonds | RPIHX vs RSIIX |
See all 28 diversifiers for RPIHX
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