Principal Diversified Income Fund (PGDIX) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PGDIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PGDIX
PGDIX charges 0.68% annually. There are 29 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | PGDIX vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | PGDIX vs VMSAX | |
| JPMorgan Income Fund Class I | 0.40% | — | Jun 2014 | PGDIX vs JMSIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 0.40% | — | Jul 2016 | PGDIX vs BWDTX | |
| Mercer Opportunistic Fixed Income Fund | 0.44% | — | Aug 2013 | PGDIX vs MOFIX |
Best Risk-Adjusted Alternatives to PGDIX
PGDIX has a PortfoliosLab risk / return rank of 10. There are 82 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | PGDIX vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | PGDIX vs NWXEX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | PGDIX vs RFXIX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | PGDIX vs BWDTX | |
| Oaktree Diversified Income Fund Inc. Class D | 98 | — | Nov 2021 | PGDIX vs ODIDX |
Top Performing PGDIX Alternatives (YTD)
PGDIX is at -0.82% YTD. There are 83 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 3.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Saba Capital Income & Opportunities Fund | 3.37% | — | Dec 1987 | PGDIX vs BRW | |
| BrandywineGLOBAL - Flexible Bond Fund | 2.86% | — | May 2016 | PGDIX vs LFLIX | |
| Nationwide Amundi Strategic Income Fund | 2.67% | — | Nov 2015 | PGDIX vs NWXHX | |
| abrdn Income Credit Strategies Fund | 2.65% | — | Jan 2011 | PGDIX vs ACP | |
| Nationwide Strategic Income A | 2.60% | — | Nov 2015 | PGDIX vs NWXEX |
Lowest Volatility Alternatives to PGDIX
PGDIX has 2.93% 1-year volatility. There are 35 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.17% | — | Nov 2015 | PGDIX vs NWXHX | |
| Nationwide Strategic Income A | 1.24% | — | Nov 2015 | PGDIX vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | PGDIX vs BWDTX | |
| Rational Special Situations Income Fund | 1.39% | — | Jul 2019 | PGDIX vs RFXIX | |
| Oaktree Diversified Income Fund Inc. Class D | 1.47% | — | Nov 2021 | PGDIX vs ODIDX |
Lowest Drawdown Alternatives to PGDIX
PGDIX has a 1-year max drawdown of -3.38%. There are 66 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | PGDIX vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | PGDIX vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | PGDIX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | PGDIX vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | PGDIX vs BWDTX |
Other Mutual Funds from Principal
The 10 most viewed Principal mutual funds shown here include PCBIX, PLSAX, PLGIX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Principal MidCap Fund Institutional Class | Mid Cap Growth Equities | 1 | -4.46% | — | Dec 2000 | PGDIX vs PCBIX | |
| Principal LargeCap S&P 500 Index Fund Class A | S&P 500 | 56 | 9.95% | — | Feb 2001 | PGDIX vs PLSAX | |
| Principal LargeCap Growth Fund I | Large Cap Growth Equities | 5 | -0.62% | — | Dec 2000 | PGDIX vs PLGIX | |
| Principal MidCap R6 | Mid Cap Growth Equities | 1 | -4.40% | — | Nov 2016 | PGDIX vs PMAQX | |
| Principal LifeTime 2055 Fund | Target Retirement Date | 47 | 9.10% | — | Feb 2008 | PGDIX vs LTFIX | |
| Principal Capital Appreciation Fund | Large Cap Blend Equities | 39 | 8.52% | — | Nov 1986 | PGDIX vs CMNWX | |
| Principal Blue Chip Fund | Large Cap Growth Equities | 3 | 0.00% | — | Jun 2012 | PGDIX vs PBCKX | |
| Principal Global Multi-Strategy Fund | Multistrategy | 97 | 5.92% | — | Oct 2011 | PGDIX vs PSMIX | |
| Principal LifeTime 2045 Fund | Target Retirement Date | 47 | 8.14% | — | Feb 2008 | PGDIX vs LTRIX | |
| Principal LifeTime 2040 Fund | Target Retirement Date | 46 | 7.20% | — | Feb 2001 | PGDIX vs PTDIX |
Often Compared With PGDIX
Investors most often compare PGDIX with ONEQ, FSKAX, PLZTX. These 18 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare PGDIX with Any Fund or Stock
Compare PGDIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PGDIX with funds that move differently
Principal Diversified Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PGDIX.
Explore PGDIX Diversifiers