Looking to diversify beyond PIOBX? The mutual funds below have the lowest correlation with PIOBX — 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 PIOBX.
Best Diversifiers for PIOBX
3 mutual funds have low correlation with PIOBX (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 0.03, 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 | 0.03 | 0.04 | 0.03 | 100 | High Yield Bonds | PIOBX vs XILSX | |
| Pioneer Mid Cap Value Fund | 0.26 | 0.19 | 0.09 | 69 | Mid Cap Value Equities | PIOBX vs PCGRX | |
| Pioneer Fund | 0.28 | 0.16 | 0.09 | 54 | Large Cap Blend Equities | PIOBX vs PIODX | |
| Pioneer Global Sustainable Equity Fund Class A | 0.30 | 0.21 | 0.11 | 85 | Global Equities, Sustainable | PIOBX vs GLOSX | |
| Fidelity 500 Index Fund | 0.31 | 0.19 | 0.12 | 66 | S&P 500 | PIOBX vs FXAIX |
See all 17 diversifiers for PIOBX
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