Looking to diversify beyond PGOFX? The mutual funds below have the lowest correlation with PGOFX — 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 PGOFX.
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 0.04, 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 | 0.04 | 0.00 | -0.01 | 100 | High Yield Bonds | PGOFX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.10 | 0.05 | 0.07 | 98 | Ultrashort Bond | PGOFX vs MYFRX | |
| Pioneer Securitized Income Fund | 0.19 | 0.11 | 0.09 | 73 | Nontraditional Bonds | PGOFX vs SYFFX | |
| Pioneer Multi-Asset Income Fund A | 0.43 | 0.40 | 0.45 | 80 | Diversified Portfolio, Dividend | PGOFX vs PMAIX | |
| Pioneer Multi-Asset Income Fund | 0.43 | 0.40 | 0.44 | 81 | Global Allocation | PGOFX vs PMFYX |
See all 25 diversifiers for PGOFX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PGOFX
Add PGOFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PGOFX