Looking to diversify beyond USHYX? The mutual funds below have the lowest correlation with USHYX — 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 USHYX.
Best Diversifiers for USHYX
9 mutual funds have low correlation with USHYX (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 -0.06, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.06 | -0.07 | -0.03 | 100 | High Yield Bonds | USHYX vs XILSX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.02 | — | — | 100 | Nontraditional Bonds | USHYX vs CBYYX | |
| Cliffwater Corporate Lending Fund | 0.09 | 0.12 | 0.13 | 100 | High Yield Bonds | USHYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.19 | 0.21 | 0.28 | 99 | High Yield Bonds | USHYX vs RPHIX | |
| USAA Tax Exempt Short Term Fund | 0.27 | 0.32 | 0.31 | 80 | Municipal Bonds | USHYX vs USSTX |
See all 80 diversifiers for USHYX
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