Looking to diversify beyond PFUMX? The mutual funds below have the lowest correlation with PFUMX — 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 PFUMX.
Best Diversifiers for PFUMX
1 mutual funds have low correlation with PFUMX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Stone Harbor Emerging Markets Income Fund (EDF) (Emerging Markets Bonds) with a 1Y correlation of 0.28, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Stone Harbor Emerging Markets Income Fund | 0.28 | 0.24 | 0.28 | 63 | Emerging Markets Bonds | PFUMX vs EDF | |
| Principal Tax-Exempt Bond Fund | 0.37 | 0.46 | 0.41 | 64 | Municipal Bonds | PFUMX vs PTEAX | |
| Principal SmallCap S&P 600 Index Fund | 0.41 | 0.33 | 0.32 | 66 | Small Cap Blend Equities | PFUMX vs PSSMX | |
| Principal Small-MidCap Dividend Income Fund | 0.42 | 0.34 | 0.34 | 51 | Mid Cap Value Equities | PFUMX vs PMDIX | |
| Principal Equity Income Fund | 0.45 | 0.34 | 0.36 | 71 | Large Cap Value Equities | PFUMX vs PQIAX |
See all 23 diversifiers for PFUMX
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