Looking to diversify beyond PIOTX? The mutual funds below have the lowest correlation with PIOTX — 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 PIOTX.
Best Diversifiers for PIOTX
7 mutual funds have low correlation with PIOTX (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 -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.02 | -0.00 | -0.00 | 100 | High Yield Bonds | PIOTX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.09 | 0.07 | 0.09 | 98 | Ultrashort Bond | PIOTX vs MYFRX | |
| Pioneer Short Term Income Fund | 0.18 | 0.11 | 0.10 | 51 | Short-Term Bond | PIOTX vs PSHYX | |
| Pioneer Corporate High Yield Fund | 0.19 | 0.30 | 0.35 | 52 | High Yield Bonds | PIOTX vs RCRYX | |
| Pioneer Securitized Income Fund | 0.22 | 0.14 | 0.10 | 73 | Nontraditional Bonds | PIOTX vs SYFFX |
See all 51 diversifiers for PIOTX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PIOTX
Add PIOTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PIOTX