Looking to diversify beyond CMPIX? The mutual funds below have the lowest correlation with CMPIX — 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 CMPIX.
Best Diversifiers for CMPIX
0 mutual funds have low correlation with CMPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Principal Small-MidCap Dividend Income Fund (PMDIX) (Mid Cap Value Equities) with a 1Y correlation of 0.31, up from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Small-MidCap Dividend Income Fund | 0.31 | 0.24 | 0.16 | 51 | Mid Cap Value Equities | CMPIX vs PMDIX | |
| Principal SmallCap S&P 600 Index Fund | 0.32 | 0.24 | 0.16 | 66 | Small Cap Blend Equities | CMPIX vs PSSMX | |
| Principal Equity Income Fund | 0.34 | 0.25 | 0.18 | 71 | Large Cap Value Equities | CMPIX vs PQIAX | |
| Principal Global Multi-Strategy Fund | 0.36 | 0.23 | 0.12 | 96 | Multistrategy | CMPIX vs PSMIX | |
| Principal LifeTime Hybrid 2055 Fund | 0.36 | 0.27 | 0.19 | 66 | Target Retirement Date | CMPIX vs PLTNX |
See all 10 diversifiers for CMPIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CMPIX
Add CMPIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CMPIX