Looking to diversify beyond PMYRX? The mutual funds below have the lowest correlation with PMYRX — 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 PMYRX.
Best Diversifiers for PMYRX
2 mutual funds have low correlation with PMYRX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.03 | 0.25 | 0.21 | 84 | Tactical Allocation | PMYRX vs PBAIX | |
| Pioneer ILS Interval Fund | 0.09 | 0.04 | 0.02 | 100 | High Yield Bonds | PMYRX vs XILSX | |
| Pioneer Multi-Asset Ultrashort Income Fund | 0.33 | 0.23 | 0.19 | 99 | Ultrashort Bond | PMYRX vs MYFRX | |
| Pioneer Securitized Income Fund | 0.33 | 0.25 | 0.18 | 77 | Nontraditional Bonds | PMYRX vs SYFFX | |
| AQR Diversifying Strategies Fund Class N | 0.33 | 0.28 | 0.19 | 91 | Tactical Allocation | PMYRX vs QDSNX |
See all 33 diversifiers for PMYRX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PMYRX
Add PMYRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PMYRX