Looking to diversify beyond PSHNX? The mutual funds below have the lowest correlation with PSHNX — 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 PSHNX.
Best Diversifiers for PSHNX
6 mutual funds have low correlation with PSHNX (below 0.3), 1 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 -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.02 | -0.03 | -0.02 | 100 | High Yield Bonds | PSHNX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.12 | 0.14 | 0.14 | 100 | High Yield Bonds | PSHNX vs CCLFX | |
| Pioneer Corporate High Yield Fund | 0.19 | 0.52 | 0.64 | 52 | High Yield Bonds | PSHNX vs RCRYX | |
| RiverPark Short Term High Yield Fund | 0.23 | 0.25 | 0.31 | 99 | High Yield Bonds | PSHNX vs RPHIX | |
| Northeast Investors Trust | 0.27 | 0.34 | 0.40 | 80 | High Yield Bonds | PSHNX vs NTHEX |
See all 154 diversifiers for PSHNX
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