Looking to diversify beyond PGRTX? The mutual funds below have the lowest correlation with PGRTX — 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 PGRTX.
Best Diversifiers for PGRTX
0 mutual funds have low correlation with PGRTX (below 0.3), 0 of which are negatively correlated. The least correlated is Principal Equity Income Fund (PQIAX) (Large Cap Value Equities) with a 1Y correlation of 0.70, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Equity Income Fund | 0.70 | 0.75 | 0.78 | 71 | Large Cap Value Equities | PGRTX vs PQIAX | |
| Principal Global Multi-Strategy Fund | 0.71 | 0.71 | 0.73 | 96 | Multistrategy | PGRTX vs PSMIX | |
| Principal Small-MidCap Dividend Income Fund | 0.79 | 0.83 | 0.84 | 53 | Mid Cap Value Equities | PGRTX vs PMDIX | |
| Principal SAM Strategic Growth Portfolio | 0.84 | 0.86 | 0.88 | 58 | Diversified Portfolio | PGRTX vs SACAX | |
| Principal LifeTime Hybrid 2055 Fund | 0.84 | 0.87 | 0.88 | 66 | Target Retirement Date | PGRTX vs PLTNX |
See all 17 diversifiers for PGRTX
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Diversification Analysis
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