Looking to diversify beyond SHYPX? The mutual funds below have the lowest correlation with SHYPX — 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 SHYPX.
Best Diversifiers for SHYPX
6 mutual funds have low correlation with SHYPX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.07 | 0.07 | 0.10 | 100 | High Yield Bonds | SHYPX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.10 | 0.07 | 0.04 | 100 | High Yield Bonds | SHYPX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.22 | 0.28 | 99 | High Yield Bonds | SHYPX vs RPHIX | |
| American Beacon AHL Managed Futures Strategy Fund ... | 0.24 | 0.00 | -0.06 | 89 | Systematic Trend | SHYPX vs AHLIX | |
| American Beacon AHL Managed Futures Strategy Fund | 0.25 | 0.01 | -0.06 | 88 | Systematic Trend | SHYPX vs AHLPX |
See all 166 diversifiers for SHYPX
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