PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Pioneer Short Term Income Fund (PSHYX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

Normally, at least 80% of the fund's net assets (plus the amount of borrowings, if any, for investment purposes) are invested in debt securities that are rated investment grade at the time of purchase or cash and cash equivalents. The fund may invest up to 20% of its total assets in securities of non-U.S. issuers, including up to 5% of its total assets in debt securities of emerging market issuers.

Looking to diversify beyond PSHYX? The mutual funds below have the lowest correlation with PSHYX — 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 PSHYX.

Best Diversifiers for PSHYX

10 mutual funds have low correlation with PSHYX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.08, down from 0.33 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DFCFX
DFA Two-Year Fixed Income Portfolio0.080.030.33
68
Short-Term BondPSHYX vs DFCFX
PIODX
Pioneer Fund0.150.080.09
54
Large Cap Blend EquitiesPSHYX vs PIODX
GPARX
GuidePath Absolute Return Allocation Fund0.180.470.53
57
Short-Term BondPSHYX vs GPARX
DFAIX
DFA Short-Duration Real Return Portfolio0.180.240.35
98
Short-Term BondPSHYX vs DFAIX
GLOSX
Pioneer Global Sustainable Equity Fund Class A0.190.130.12
85
Global Equities, SustainablePSHYX vs GLOSX
See all 26 diversifiers for PSHYX

To view more results, upgrade your current subscription plan.

Diversification Analysis

Build a portfolio that complements PSHYX

Add PSHYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with PSHYX