Looking to diversify beyond LTFIX? The mutual funds below have the lowest correlation with LTFIX — 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 LTFIX.
Best Diversifiers for LTFIX
3 mutual funds have low correlation with LTFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Principal Tax-Exempt Bond Fund (PTEAX) (Municipal Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.18 | 0.17 | 0.13 | 64 | Municipal Bonds | LTFIX vs PTEAX | |
| Principal Opportunistic Municipal Fund | 0.21 | 0.16 | 0.13 | 68 | High Yield Muni | LTFIX vs PMOAX | |
| Principal California Municipal Fund | 0.27 | 0.19 | 0.14 | 67 | Municipal Bonds | LTFIX vs SRCMX | |
| Principal Short-Term Income Fund | 0.31 | 0.20 | 0.16 | 76 | Short-Term Bond | LTFIX vs SRHQX | |
| Principal Capital Securities Fund | 0.47 | 0.40 | 0.38 | 76 | Preferred Stock/Convertible Bonds | LTFIX vs PCSFX |
See all 640 diversifiers for LTFIX
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Diversification Analysis
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