Looking to diversify beyond PIIFX? The mutual funds below have the lowest correlation with PIIFX — 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 PIIFX.
Best Diversifiers for PIIFX
3 mutual funds have low correlation with PIIFX (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 | -0.01 | -0.01 | 100 | High Yield Bonds | PIIFX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.08 | 0.10 | 0.12 | 98 | Ultrashort Bond | PIIFX vs MYFRX | |
| Pioneer Securitized Income Fund | 0.20 | 0.15 | 0.12 | 75 | Nontraditional Bonds | PIIFX vs SYFFX | |
| Pioneer Mid Cap Value Fund | 0.57 | 0.61 | 0.71 | 61 | Mid Cap Value Equities | PIIFX vs PCGRX | |
| Kopernik International Fund | 0.64 | 0.53 | 0.63 | 81 | Foreign Large Cap Equities | PIIFX vs KGIIX |
See all 22 diversifiers for PIIFX
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