Looking to diversify beyond PHTFX? The mutual funds below have the lowest correlation with PHTFX — 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 PHTFX.
Best Diversifiers for PHTFX
1 mutual funds have low correlation with PHTFX (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 0.30, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.30 | 0.31 | 0.29 | 62 | Municipal Bonds | PHTFX vs PTEAX | |
| Principal Equity Income Fund | 0.75 | 0.77 | 0.80 | 57 | Large Cap Value Equities | PHTFX vs PQIAX | |
| Dimensional Retirement Income Fund | 0.81 | 0.89 | 0.88 | 81 | Target Retirement Date | PHTFX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.83 | 0.85 | 0.86 | 81 | Target Retirement Date | PHTFX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.83 | 0.84 | 0.86 | 81 | Target Retirement Date | PHTFX vs DTDRX |
See all 64 diversifiers for PHTFX
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