Looking to diversify beyond USHYX? The mutual funds below have historically moved differently from USHYX, 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 USHYX
10 mutual funds have low correlation with USHYX (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 -0.07, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.07 | 0.19 | 0.32 | 73 | High Yield Bonds | USHYX vs FOCIX | |
| Pioneer ILS Interval Fund | -0.05 | -0.07 | -0.03 | 100 | High Yield Bonds | USHYX vs XILSX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.00 | — | — | 100 | Nontraditional Bonds | USHYX vs CBYYX | |
| Victory Pioneer Multi-Asset Ultrashort Income Fund... | 0.10 | 0.12 | 0.17 | 99 | Ultrashort Bond | USHYX vs MAFRX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.12 | 0.11 | 0.14 | 100 | Bank Loan, High Yield Bonds | USHYX vs CCLFX |
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