Looking to diversify beyond PINDX? The mutual funds below have the lowest correlation with PINDX — 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 PINDX.
Best Diversifiers for PINDX
6 mutual funds have low correlation with PINDX (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 -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.04 | -0.00 | -0.00 | 100 | High Yield Bonds | PINDX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.08 | 0.07 | 0.08 | 98 | Ultrashort Bond | PINDX vs MYFRX | |
| Pioneer Short Term Income Fund | 0.13 | 0.09 | 0.11 | 51 | Short-Term Bond | PINDX vs PSHYX | |
| Pioneer Securitized Income Fund | 0.21 | 0.13 | 0.11 | 73 | Nontraditional Bonds | PINDX vs SYFFX | |
| Pioneer Corporate High Yield Fund | 0.22 | 0.30 | 0.35 | 52 | High Yield Bonds | PINDX vs RCRYX |
See all 46 diversifiers for PINDX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PINDX
Add PINDX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PINDX