Looking to diversify beyond PCGRX? The mutual funds below have the lowest correlation with PCGRX — 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 PCGRX.
Best Diversifiers for PCGRX
6 mutual funds have low correlation with PCGRX (below 0.3), 0 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 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.01 | 0.01 | 0.01 | 100 | High Yield Bonds | PCGRX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.11 | 0.07 | 0.10 | 98 | Ultrashort Bond | PCGRX vs MYFRX | |
| Pioneer Corporate High Yield Fund | 0.15 | 0.27 | 0.32 | 52 | High Yield Bonds | PCGRX vs RCRYX | |
| Pioneer Floating Rate Fund | 0.20 | 0.17 | 0.21 | 86 | Bank Loan | PCGRX vs FLYRX | |
| Pioneer Securitized Income Fund | 0.20 | 0.15 | 0.10 | 73 | Nontraditional Bonds | PCGRX vs SYFFX |
See all 36 diversifiers for PCGRX
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