Looking to diversify beyond TRHYX? The mutual funds below have the lowest correlation with TRHYX — 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 TRHYX.
Best Diversifiers for TRHYX
5 mutual funds have low correlation with TRHYX (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 -0.03, 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 | -0.03 | 0.02 | 0.04 | 100 | High Yield Bonds | TRHYX vs XILSX | |
| Fairholme Focused Income Fund | 0.02 | 0.19 | 0.31 | 50 | High Yield Bonds | TRHYX vs FOCIX | |
| Cliffwater Corporate Lending Fund | 0.03 | 0.10 | 0.11 | 100 | High Yield Bonds | TRHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.20 | 0.20 | 0.26 | 100 | High Yield Bonds | TRHYX vs RPHIX | |
| Pioneer Corporate High Yield Fund | 0.24 | 0.61 | 0.75 | 58 | High Yield Bonds | TRHYX vs RCRYX |
See all 31 diversifiers for TRHYX
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