Looking to diversify beyond PIAMX? The mutual funds below have the lowest correlation with PIAMX — 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 PIAMX.
Best Diversifiers for PIAMX
11 mutual funds have low correlation with PIAMX (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 -0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.01 | 0.02 | 0.03 | 100 | High Yield Bonds | PIAMX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.06 | 0.12 | 0.14 | 100 | High Yield Bonds | PIAMX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.12 | 0.20 | 0.27 | 100 | High Yield Bonds | PIAMX vs RPHIX | |
| T. Rowe Price Ultra Short-Term Bond Fund | 0.13 | 0.12 | 0.16 | 99 | Ultrashort Bond | PIAMX vs TRBUX | |
| PIA Short Term Securities Fund | 0.23 | 0.33 | 0.27 | 96 | Ultrashort Bond | PIAMX vs PIASX |
See all 159 diversifiers for PIAMX
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