Looking to diversify beyond PIODX? The mutual funds below have the lowest correlation with PIODX — 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 PIODX.
Best Diversifiers for PIODX
6 mutual funds have low correlation with PIODX (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 0.05, 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 | 0.05 | -0.01 | -0.01 | 100 | High Yield Bonds | PIODX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.08 | 0.05 | 0.08 | 98 | Ultrashort Bond | PIODX vs MYFRX | |
| Pioneer Short Term Income Fund | 0.15 | 0.08 | 0.09 | 51 | Short-Term Bond | PIODX vs PSHYX | |
| Pioneer Securitized Income Fund | 0.20 | 0.11 | 0.08 | 73 | Nontraditional Bonds | PIODX vs SYFFX | |
| Pioneer Corporate High Yield Fund | 0.21 | 0.28 | 0.34 | 52 | High Yield Bonds | PIODX vs RCRYX |
See all 55 diversifiers for PIODX
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