Looking to diversify beyond THHYX? The mutual funds below have historically moved differently from THHYX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for THHYX
11 mutual funds have low correlation with THHYX (below 0.3), 2 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.08 | 0.14 | 0.19 | 73 | High Yield Bonds | THHYX vs FOCIX | |
| Pioneer ILS Interval Fund | -0.04 | -0.01 | -0.00 | 100 | High Yield Bonds | THHYX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.12 | 0.08 | 0.06 | 100 | Bank Loan, High Yield Bonds | THHYX vs CCLFX | |
| Fidelity Floating Rate High Income Fund | 0.15 | 0.18 | 0.19 | 95 | Bank Loan | THHYX vs FFRHX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.15 | 0.18 | 0.19 | 94 | High Yield Bonds | THHYX vs FFRAX |
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