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Pioneer Short Term Income Fund (PSHYX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 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 0.13, down from 0.33 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
DFCFX
DFA Two-Year Fixed Income Portfolio0.130.030.33
100
Short-Term BondPSHYX vs DFCFX
PIOTX
Pioneer Core Equity Fund0.170.110.10
52
Large Cap Blend EquitiesPSHYX vs PIOTX
LCCMX
Leader Short Term High Yield Bond Fund0.170.190.22
84
Short-Term BondPSHYX vs LCCMX
GPARX
GuidePath Absolute Return Allocation Fund0.170.460.53
55
Short-Term BondPSHYX vs GPARX
GLOSX
Pioneer Global Sustainable Equity Fund Class A0.200.140.13
82
Global Equities, SustainablePSHYX vs GLOSX
See all 28 diversifiers for PSHYX

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