Looking to diversify beyond PHTMX? The mutual funds below have the lowest correlation with PHTMX — 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 PHTMX.
Best Diversifiers for PHTMX
0 mutual funds have low correlation with PHTMX (below 0.3), 0 of which are negatively correlated. The least correlated is Principal Small-MidCap Dividend Income Fund (PMDIX) (Mid Cap Value Equities) with a 1Y correlation of 0.71, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Principal Small-MidCap Dividend Income Fund | 0.71 | 0.75 | 0.78 | 51 | Mid Cap Value Equities | PHTMX vs PMDIX | |
| Principal Equity Income Fund | 0.76 | 0.77 | 0.81 | 71 | Large Cap Value Equities | PHTMX vs PQIAX | |
| Principal SmallCap S&P 600 Index Fund | 0.76 | 0.77 | 0.78 | 66 | Small Cap Blend Equities | PHTMX vs PSSMX | |
| Dimensional Retirement Income Fund | 0.81 | 0.88 | 0.87 | 77 | Target Retirement Date | PHTMX vs TDIFX | |
| Voya Target Retirement 2050 Fund | 0.82 | 0.87 | 0.88 | 80 | Target Retirement Date | PHTMX vs IRSQX |
See all 44 diversifiers for PHTMX
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