Looking to diversify beyond LTRIX? The mutual funds below have the lowest correlation with LTRIX — 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 LTRIX.
Best Diversifiers for LTRIX
3 mutual funds have low correlation with LTRIX (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 0.17, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.17 | 0.17 | 0.14 | 59 | Municipal Bonds | LTRIX vs PTEAX | |
| Principal Opportunistic Municipal Fund | 0.18 | 0.17 | 0.14 | 62 | High Yield Muni | LTRIX vs PMOAX | |
| Principal California Municipal Fund | 0.27 | 0.20 | 0.15 | 63 | Municipal Bonds | LTRIX vs SRCMX | |
| Principal Capital Securities Fund | 0.46 | 0.38 | 0.38 | 77 | Preferred Stock/Convertible Bonds | LTRIX vs PCSFX | |
| Principal Spectrum Preferred and Capital Securitie... | 0.54 | 0.46 | 0.46 | 64 | Preferred Stock/Convertible Bonds | LTRIX vs PPSIX |
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