Looking to diversify beyond LTIUX? The mutual funds below have historically moved differently from LTIUX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LTIUX
1 mutual funds have low correlation with LTIUX (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 0.24, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.24 | 0.22 | 0.19 | 55 | Municipal Bonds | LTIUX vs PTEAX | |
| Principal Small-MidCap Dividend Income Fund | 0.75 | 0.81 | 0.85 | 69 | Mid Cap Value Equities | LTIUX vs PMDIX | |
| Principal Equity Income Fund | 0.77 | 0.84 | 0.88 | 87 | Dividend, Large Cap Value Equities | LTIUX vs PQIAX | |
| Principal SmallCap S&P 600 Index Fund | 0.81 | 0.83 | 0.85 | 87 | Small Cap Blend Equities | LTIUX vs PSSMX | |
| Connecticut Higher Education Trust 529 College Sav... | 0.82 | — | — | 59 | Target Retirement Date | LTIUX vs FAELX |
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