Looking to diversify beyond SSTHX? The mutual funds below have the lowest correlation with SSTHX — 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 SSTHX.
Best Diversifiers for SSTHX
4 mutual funds have low correlation with SSTHX (below 0.3), 1 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | -0.02 | 0.05 | 0.08 | 100 | High Yield Bonds | SSTHX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.12 | 0.07 | 0.03 | 100 | High Yield Bonds | SSTHX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.13 | 0.14 | 0.22 | 99 | High Yield Bonds | SSTHX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.22 | 0.56 | 0.69 | 52 | High Yield Bonds | SSTHX vs RCRYX | |
| RiverPark Strategic Income Fund | 0.37 | 0.31 | 0.36 | 68 | High Yield Bonds | SSTHX vs RSIIX |
See all 32 diversifiers for SSTHX
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