Looking to diversify beyond THYAX? The mutual funds below have the lowest correlation with THYAX — 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 THYAX.
Best Diversifiers for THYAX
4 mutual funds have low correlation with THYAX (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 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.02 | 0.02 | 0.02 | 100 | High Yield Bonds | THYAX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.06 | 0.12 | 0.12 | 100 | High Yield Bonds | THYAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.07 | 0.19 | 0.26 | 100 | High Yield Bonds | THYAX vs RPHIX | |
| Touchstone Ultra Short Duration Fixed Income Fund | 0.25 | 0.22 | 0.19 | 98 | Ultrashort Bond | THYAX vs TSDOX | |
| T. Rowe Price Floating Rate Fund | 0.38 | 0.37 | 0.44 | 96 | High Yield Bonds | THYAX vs PRFRX |
See all 22 diversifiers for THYAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements THYAX
Add THYAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with THYAX