Looking to diversify beyond PBMPX? The mutual funds below have the lowest correlation with PBMPX — 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 PBMPX.
Best Diversifiers for PBMPX
0 mutual funds have low correlation with PBMPX (below 0.3), 0 of which are negatively correlated. The least correlated is Holbrook Income Fund Class I (HOBIX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.34, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 0.34 | 0.32 | 0.39 | 98 | Intermediate Core-Plus Bond | PBMPX vs HOBIX | |
| Principal Small-MidCap Dividend Income Fund | 0.37 | 0.26 | 0.19 | 53 | Mid Cap Value Equities | PBMPX vs PMDIX | |
| Principal SmallCap S&P 600 Index Fund | 0.39 | 0.27 | 0.19 | 66 | Small Cap Blend Equities | PBMPX vs PSSMX | |
| Principal Equity Income Fund | 0.40 | 0.27 | 0.20 | 71 | Large Cap Value Equities | PBMPX vs PQIAX | |
| Principal Global Multi-Strategy Fund | 0.43 | 0.26 | 0.16 | 96 | Multistrategy | PBMPX vs PSMIX |
See all 13 diversifiers for PBMPX
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