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Fidelity High Income Fund (SPHIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The fund normally invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It potentially invests in non-income producing securities, including defaulted securities and common stocks. The fund invests in companies in troubled or uncertain financial condition. It invests in domestic and foreign issuers.

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

Best Diversifiers for SPHIX

3 mutual funds have low correlation with SPHIX (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 0.11 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
CCLFX
Cliffwater Corporate Lending Fund0.080.100.11
100
High Yield BondsSPHIX vs CCLFX
XILSX
Pioneer ILS Interval Fund0.100.070.06
100
High Yield BondsSPHIX vs XILSX
RPHIX
RiverPark Short Term High Yield Fund0.170.180.27
100
High Yield BondsSPHIX vs RPHIX
FAPGX
Fidelity Sustainable Low Duration Bond0.350.320.28
99
Ultrashort BondSPHIX vs FAPGX
FBIOX
Fidelity Select Biotechnology Portfolio0.360.390.36
88
Health & Biotech EquitiesSPHIX vs FBIOX
See all 59 diversifiers for SPHIX

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Diversification Analysis

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