Looking to diversify beyond PAIHX? The mutual funds below have the lowest correlation with PAIHX — 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 PAIHX.
Best Diversifiers for PAIHX
3 mutual funds have low correlation with PAIHX (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 -0.01, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.01 | 0.01 | 0.05 | 100 | High Yield Bonds | PAIHX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.10 | 0.10 | 0.13 | 100 | High Yield Bonds | PAIHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.12 | 0.17 | 0.25 | 99 | High Yield Bonds | PAIHX vs RPHIX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.39 | 0.62 | 0.72 | 69 | High Yield Bonds | PAIHX vs FHYSX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.41 | 0.37 | 0.37 | 52 | Large Cap Blend Equities, Dividend | PAIHX vs PRDGX |
See all 24 diversifiers for PAIHX
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