Looking to diversify beyond PBCKX? The mutual funds below have the lowest correlation with PBCKX — 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 PBCKX.
Best Diversifiers for PBCKX
6 mutual funds have low correlation with PBCKX (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 0.13, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.13 | 0.13 | 0.12 | 56 | Municipal Bonds | PBCKX vs PTEAX | |
| Principal Opportunistic Municipal Fund | 0.14 | 0.13 | 0.13 | 55 | High Yield Muni | PBCKX vs PMOAX | |
| Principal California Municipal Fund | 0.21 | 0.15 | 0.12 | 59 | Municipal Bonds | PBCKX vs SRCMX | |
| Principal Short-Term Income Fund | 0.22 | 0.15 | 0.13 | 79 | Short-Term Bond | PBCKX vs SRHQX | |
| Principal Diversified Real Asset Fund | 0.27 | 0.43 | 0.52 | 71 | Global Allocation | PBCKX vs PDRDX |
See all 61 diversifiers for PBCKX
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