Looking to diversify beyond TAHTX? The mutual funds below have the lowest correlation with TAHTX — 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 TAHTX.
Best Diversifiers for TAHTX
3 mutual funds have low correlation with TAHTX (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 0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.04 | 0.06 | 0.04 | 100 | High Yield Bonds | TAHTX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.06 | 0.09 | 0.11 | 100 | High Yield Bonds | TAHTX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.24 | 0.21 | 0.28 | 100 | High Yield Bonds | TAHTX vs RPHIX | |
| RiverPark Strategic Income Fund | 0.40 | 0.35 | 0.40 | 68 | High Yield Bonds | TAHTX vs RSIIX | |
| T. Rowe Price Floating Rate Fund | 0.43 | 0.45 | 0.49 | 96 | High Yield Bonds | TAHTX vs PRFRX |
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