Looking to diversify beyond WRHIX? The mutual funds below have the lowest correlation with WRHIX — 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 WRHIX.
Best Diversifiers for WRHIX
5 mutual funds have low correlation with WRHIX (below 0.3), 1 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | -0.01 | 0.03 | 0.06 | 100 | High Yield Bonds | WRHIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.06 | 0.07 | 0.05 | 100 | High Yield Bonds | WRHIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.21 | 0.12 | 0.22 | 99 | High Yield Bonds | WRHIX vs RPHIX | |
| Delaware Ivy Energy Fund | 0.26 | 0.40 | 0.40 | 92 | Energy Equities | WRHIX vs IEYYX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.29 | 0.48 | 0.63 | 69 | High Yield Bonds | WRHIX vs FHYSX |
See all 27 diversifiers for WRHIX
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