Looking to diversify beyond PEQIX? The mutual funds below have the lowest correlation with PEQIX — 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 PEQIX.
Best Diversifiers for PEQIX
4 mutual funds have low correlation with PEQIX (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 0.00, 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 | 0.00 | 0.01 | 0.01 | 100 | High Yield Bonds | PEQIX vs XILSX | |
| Pioneer Corporate High Yield Fund | 0.13 | 0.25 | 0.32 | 52 | High Yield Bonds | PEQIX vs RCRYX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.13 | 0.09 | 0.10 | 98 | Ultrashort Bond | PEQIX vs MYFRX | |
| Pioneer Securitized Income Fund | 0.19 | 0.15 | 0.11 | 73 | Nontraditional Bonds | PEQIX vs SYFFX | |
| Rational Equity Armor Fund | 0.39 | 0.47 | 0.63 | 55 | Large Cap Value Equities | PEQIX vs HDCTX |
See all 40 diversifiers for PEQIX
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