Looking to diversify beyond PIGFX? The mutual funds below have the lowest correlation with PIGFX — 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 PIGFX.
Best Diversifiers for PIGFX
6 mutual funds have low correlation with PIGFX (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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.02 | -0.02 | -0.01 | 100 | High Yield Bonds | PIGFX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.10 | 0.07 | 0.08 | 98 | Ultrashort Bond | PIGFX vs MYFRX | |
| Pioneer Corporate High Yield Fund | 0.15 | 0.27 | 0.32 | 52 | High Yield Bonds | PIGFX vs RCRYX | |
| Pioneer Short Term Income Fund | 0.18 | 0.09 | 0.10 | 51 | Short-Term Bond | PIGFX vs PSHYX | |
| Pioneer Securitized Income Fund | 0.28 | 0.14 | 0.11 | 73 | Nontraditional Bonds | PIGFX vs SYFFX |
See all 42 diversifiers for PIGFX
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