Looking to diversify beyond PGOFX? The mutual funds below have historically moved differently from PGOFX, 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 PGOFX
3 mutual funds have low correlation with PGOFX (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 0.02, 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 | 0.02 | -0.00 | -0.01 | 100 | High Yield Bonds | PGOFX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.12 | 0.05 | 0.08 | 99 | Ultrashort Bond | PGOFX vs MYFRX | |
| Pioneer Securitized Income Fund | 0.20 | 0.11 | 0.10 | 80 | Nontraditional Bonds | PGOFX vs SYFFX | |
| Pioneer Multi-Asset Income Fund A | 0.33 | 0.37 | 0.43 | 92 | Diversified Portfolio, Dividend | PGOFX vs PMAIX | |
| Pioneer Multi-Asset Income Fund | 0.34 | 0.37 | 0.42 | 93 | Global Allocation | PGOFX vs PMFYX |
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