Looking to diversify beyond PHTJX? The mutual funds below have the lowest correlation with PHTJX — 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 PHTJX.
Best Diversifiers for PHTJX
1 mutual funds have low correlation with PHTJX (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 0.21, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Tax-Exempt Bond Fund | 0.21 | 0.22 | 0.18 | 56 | Municipal Bonds | PHTJX vs PTEAX | |
| Dimensional Retirement Income Fund | 0.76 | 0.81 | 0.78 | 85 | Target Retirement Date | PHTJX vs TDIFX | |
| Principal Equity Income Fund | 0.78 | 0.83 | 0.88 | 58 | Large Cap Value Equities | PHTJX vs PQIAX | |
| Principal SmallCap S&P 600 Index Fund | 0.80 | 0.83 | 0.85 | 52 | Small Cap Blend Equities | PHTJX vs PSSMX | |
| Prudential Day One Income Fund | 0.84 | 0.86 | 0.87 | 86 | Target Retirement Date | PHTJX vs PDAHX |
See all 73 diversifiers for PHTJX
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