Looking to diversify beyond THHYX? The mutual funds below have the lowest correlation with THHYX — 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 THHYX.
Best Diversifiers for THHYX
10 mutual funds have low correlation with THHYX (below 0.3), 1 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.02 | 0.00 | 0.00 | 100 | High Yield Bonds | THHYX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.09 | 0.08 | 0.06 | 100 | High Yield Bonds | THHYX vs CCLFX | |
| Fidelity Floating Rate High Income Fund | 0.17 | 0.19 | 0.20 | 92 | Bank Loan | THHYX vs FFRHX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.17 | 0.19 | 0.19 | 90 | High Yield Bonds | THHYX vs FFRAX | |
| Fidelity Advisor Floating Rate High Income Fund Cl... | 0.19 | 0.21 | 0.20 | 91 | High Yield Bonds | THHYX vs FFRIX |
See all 113 diversifiers for THHYX
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