Looking to diversify beyond SIHAX? The mutual funds below have the lowest correlation with SIHAX — 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 SIHAX.
Best Diversifiers for SIHAX
4 mutual funds have low correlation with SIHAX (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 0.08, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.08 | 0.09 | 0.12 | 100 | High Yield Bonds | SIHAX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.09 | 0.08 | 0.06 | 100 | High Yield Bonds | SIHAX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.15 | 0.17 | 0.25 | 99 | High Yield Bonds | SIHAX vs RPHIX | |
| Guggenheim Managed Futures Strategy Fund | 0.28 | 0.15 | 0.03 | 53 | Systematic Trend | SIHAX vs RYMTX | |
| Pioneer Corporate High Yield Fund | 0.34 | 0.66 | 0.78 | 52 | High Yield Bonds | SIHAX vs RCRYX |
See all 47 diversifiers for SIHAX
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