Looking to diversify beyond PCGRX? The mutual funds below have historically moved differently from PCGRX, 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 PCGRX
6 mutual funds have low correlation with PCGRX (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 -0.00, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.00 | 0.01 | 0.01 | 100 | High Yield Bonds | PCGRX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.12 | 0.08 | 0.11 | 99 | Ultrashort Bond | PCGRX vs MYFRX | |
| Pioneer Corporate High Yield Fund | 0.17 | 0.25 | 0.32 | 63 | High Yield Bonds | PCGRX vs RCRYX | |
| Pioneer Floating Rate Fund | 0.20 | 0.17 | 0.21 | 91 | Bank Loan | PCGRX vs FLYRX | |
| Pioneer Short Term Income Fund | 0.21 | 0.11 | 0.10 | 67 | Short-Term Bond | PCGRX vs PSHYX |
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