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Pioneer Strategic Income Fund (PSRAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 14, 2026

The fund normally invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in debt securities. It invests primarily in debt securities issued or guaranteed by the U.S. government, its agencies or instrumentalities or non-U.S. governmental entities; debt securities of U.S. and non-U.S. corporate issuers; and mortgage-related securities, and asset-backed securities. The fund invests in securities of any maturity and maintains an average portfolio maturity which varies based upon the judgment of the fund's investment adviser.

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

Best Diversifiers for PSRAX

4 mutual funds have low correlation with PSRAX (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 0.03, roughly unchanged from 0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XILSX
Pioneer ILS Interval Fund0.030.020.03
100
High Yield BondsPSRAX vs XILSX
NWXEX
Nationwide Strategic Income A0.080.270.22
99
Multisector BondsPSRAX vs NWXEX
NWXHX
Nationwide Amundi Strategic Income Fund0.120.290.23
99
Multisector BondsPSRAX vs NWXHX
CBLDX
CrossingBridge Low Duration High Yield Fund0.220.190.17
97
Multisector BondsPSRAX vs CBLDX
PCGRX
Pioneer Mid Cap Value Fund0.320.210.14
73
Mid Cap Value EquitiesPSRAX vs PCGRX
See all 26 diversifiers for PSRAX

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