Looking to diversify beyond RYHDX? The mutual funds below have the lowest correlation with RYHDX — 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 RYHDX.
Best Diversifiers for RYHDX
5 mutual funds have low correlation with RYHDX (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 0.00, 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 | 0.00 | 0.02 | 0.02 | 100 | High Yield Bonds | RYHDX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.06 | 0.08 | 0.06 | 100 | High Yield Bonds | RYHDX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.19 | 0.12 | 0.16 | 99 | High Yield Bonds | RYHDX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 0.23 | 0.24 | 0.25 | 96 | High Yield Bonds | RYHDX vs PRFRX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.28 | 0.46 | 0.56 | 69 | High Yield Bonds | RYHDX vs FHYSX |
See all 32 diversifiers for RYHDX
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